Icahn says he's forming $150 million Super PAC to fight inversions

Marketwatch ^ | Oct 21, 2015 | Steve Goldstein

[Eccl 10:2]

Financier Carl Icahn says he is forming a $150 million Super PAC aimed at ending the dysfunction in Congress. In a letter posted on his web site, Icahn said he'll take particular aim at corporate inversions, which are merger deals with a foreign company to switch the taxable domicile. Icahn says international tax reform would prevent further inversions, and he proposed a repatriation tax on the order of 5% to 10% that would also fund a highway infrastructure bill.

[Eccl 10:2]

Icahn, a supporter of Trump, goes after one of Trump's bullet points in support of his tax plan.

[HarleyLady27]

Icahn has accepted being in Trump’s cabinet...this man is really smart, and Trump uses him all the time...

I hope he has good protection, he will need it with these greedy people trying to ruin our Country...

GO Trump, Icahn GO!!!

[bert]

ain’t retirement grand

[stephenjohnbanker]

“GO Trump, Icahn GO!!!”

Great minds for business, soon great business minds in govt.

A long drought for sure!

[HarleyLady27]

I can’t wait...I just hope those spineless sissies in Washington D.C. hold on to some of the Country until we get there!!!

[Guenevere]

Bttt

[showme_the_Glory]

These guys are clowns, not real politicians, .........../s

[Lopeover]

These guys are top notch.

[AlmaKing]

This is not a good idea. Puts our companies at even further competitive disadvantage. Icahn is wrong.

What’s better?

Cut the corporate income tax in half.

[Read Write Repeat]

Icahn said he would pair this with infrastructure spending on highways, a plan similar to one proposed by Rep. Paul Ryan, the Wisconsin Republican who leads the House Ways and Means Committee. - source

It needs to pay for border security including the remaining physical construction and immigration control FIRST.

These hostile takeover people... I swear...