Corporate inversions are economic patriotism
Last month the administration, having fixed all the real problems in the United States, took on a purely imaginary issue: inversion. Inversion takes place when a company located in the United States shifts its headquarters off shore to avoid the extortionate 35% corporate income tax rate. Mind you, the company doesn’t have to shift either facilities or workforce, just its headquarters. Obama and his treasury | Read More »
Jack Lew: keeping your money is unpatriotic
If George Orwell had never written the novel “1984”, then it would have been written eventually as a history of the Obama administration. On Tuesday, Treasury Secretary Jack Lew sent a letter to Senate Finance Committee Chairman Ron Wyden. In advocating a change to existing tax law that would allow a demonstrably unproductive government to stick its hands even more deeply into the pockets of | Read More »
Economic patriotism = fascism
Companies must hire more people, pay their taxes, participate in Obamacare, and support the Government at all costs. That’s the strong message that President Obama has been spouting for years, and the answer-men and women with whom he’s surrounded himself are simply his bullhorns.
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