Posted on 08/11/2014 2:39:35 PM PDT by Tailgunner Joe
Sen. Chris Coons (D-Del) called Sunday for the Obama administration to move unilaterally to stop companies from shifting their legal addresses overseas to reduce their taxes.
The Obama administration is weighing executive action to tamp down on the practice, known as “inversion,” which is currently legal but has come under fire from critics who say it is unpatriotic.
“I have a problem with a mostly American company using a tax loophole to avoid paying their fair share,” Coons said on "Fox News Sunday." “In the absence of congressional action, I do thing Treasury will step up and do something to stop the bleeding.”
But congressional action is exactly what’s needed to deal with the issue, countered former Michigan Gov. John Engler (R), president of the Business Roundtable.
Engler said inversion is a symptom of the greater problem of an outdated tax code that must be addressed. He said recent angst over inversion should serve as an impetus for Congress to act on major tax reform legislation.
He called on Senate Finance Committee Chairman Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Dave Camp (R-Mich.) “to get in a room” over the current August recess and hammer out a deal.
“We can have something ready to go when we get back,” Engler said. “Let's not spend the time at Treasury trying to come up with little fixes, when we’ve got an opportunity to improve the competitiveness of the United States.”
These idiots write the tax laws and then complain when people read those laws carefully and find out how poorly written those laws are. Chutzpah.
All Marxist/Communist totalitarian regimes build walls with barbed wire to keep their slaves inside and subject to torture, rape and brutality while working to keep the beast functional.
Ours is a slight anomaly where the border is wide open COMING IN.
But then, the regime intends to replace the existing White Middle Class with the third world diseased illiterates of South America.
How do we determine “fair share”. It’s not in the code.
Legal **Berlin Wall** —how very, very appropriate.
Now that we prosecute film-makers and throw them in prison we have American DISSIDENTS —can you believe it..?
Here in California we have citizen WATER COPS who stroll around their neighborhoods, TURNING IN people who waste water. Santa Cruz even makes offenders drive four hours away to take a water savings INDOCTRINATION CLASS to satisfy the offense.
BERLIN WALL.
It’s never the spending to these scumbags.
Nobody would take this as evidence that our corporate tax structure is not competitive?
What is that Russian word for the political officers who would judge the political fitness of administrative decisions? All upper level army officers were paired with them.
Anyone remember that word?
The thought that our tax code is completely piss poor, corrupt and damaging to our nation never entered this POS’s mind, not once. It is just more of the same, Uncle Sam and his free shit army demanding the productivity and wealth of others.
Building Berlin Wall to keep your own people from fleeing.
Bearded Marxist has no other solution.
Political Commissar?
ZAMPOLIT - The Russian political officer who’d turn in officers or executives if they made decisions “counter to communism”.
I remembered it —ZAMPOLIT.
And “samizdat” (it’s us) refers to the alternative media to the State Media, like Pravda, Izvestia, etc.
The president hasn’t the authority to amend tax law.
All bills must originate in the house and are then sent up to the senate for reconciliation, passed back to the house for approval, passed again to the senate as a final and them passed to the President for approval or veto....
FO...you will not deem anything.....
Electrified barbed wire has gone digital.
” “I have a problem with a mostly American company using a tax loophole to avoid paying their fair share,” “
Fair share to a democrat is 90%.
Translation:
I WANT TO RAISE TAXES
Dear Senator, why not lower their taxes so they will move money and operations into the US?
Here’s a simple test, if it was a Republican President, instead of the current deviant resident, would this shyster still be calling for executive action?
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