By enacting the FairTax (H.R. 25), instead of allowing ignorant Democrat Senate leaders work to punsish tax-haven seeking corporations, let’s invite the world’s corporations to set up shop here and bring their billion$ with them. Not to mention jobs, jobs, jobs.
Sens. Carl Levin, D-Mich., and Byron Dorgan, D-N.D., who requested the report, have pushed for tougher laws to fight offshore tax havens around the globe. Levin, who leads the Senate Permanent Subcommittee on Investigations, has estimated abusive tax havens and offshore accounts cost the U.S. government at least $100 billion a year in lost taxes.
As a Michigander, Senator Levin truly embarrasses me. Perhaps he could better spend time taking action against his own party’s tax dodgers, Rep. Rangel and Treasury Secretary nominee Geithner. Just a suggestion.