JOHN KERRY PROVIDED BIG OVERSEAS TAX LOOPHOLE FOR HEINZ CORPORATION

WMCA-NY ^ | 7.15.2004

[PersonalLiberties]

"Kerry's economic proposals seem tuned to serve his wife's economic interests. His proposal last March to end tax breaks for U.S. corporations that do business overseas was designed with a loophole that would allow the H.J. Heinz company keep its overseas tax breaks and get a lower domestic tax rate at the same time."

I recall hearing (reminded of this today due to the Martha Stewart case) that if you look at the investments of the members of Congress they regularly outperform the index. Probably in part due to using their (inside if you will) knowledge of what regulations/laws/loopholes are out there and what in in the pike. Only bring this up to point out that unfortunately this is nothing new (but it still burns my biscuits).

These guys are suppose to be looking out for the best interests of Americans as a whole but this seems to be an antiquated concept.

[PersonalLiberties]

should say "what is in the pipe"

[bray]

Talk about Benedict Arnold! He is talking about no American should be working in poverty and outsourcing jobs and he has made millions off of slave labor in American Samoa??? Let's see the tax returns and see how "evil" some rich people can be! If not the loan on his wife's house he would not be in the race!!

Pray for W and The Truth

[mewzilla]

BTTT.

[I-53]

what's sauce for Cheney should be sauce for Kerry bump