8 years ago
2
Obama criticizes companies that leave U.S. for lower taxes
President Obama made a forceful case Tuesday for stopping corporations from moving their headquarters overseas to avoid U.S. taxes, saying they are taking advantage of the American economic system and saddling the middle class with the bill. These companies “effectively renounce their citizenship,” Obama said at a White House news briefing. “They declare that they’re based somewhere else, thereby getting all the rewards of being an American company without...
Continue Reading
https://www.washingtonpost.com
Join the Discussion
If only someone had demonstrated the foresight to warn President Obama that this would be the result.
If you don't get rid of the tax loopholes, what do you expect? That they will pay more out of the kindness of their heart?
This is all theatrics to make people believe that he cares. It's a bit late though.