Posted on Monday, 4th May 2009 by Patrick Dorwin
This morning, President Obama and Treasury Secretary Tim Geithner will announce that they are cracking down on tax laws that encourage corporations to send jobs overseas and allow the corporations to hide money in international tax shelters.
No word on when he will crack down on tax cheats in his own administration…
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2 Responses to “But how about your own people?”
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May 4th, 2009 at 7:51 am
Ironic - these guys are too stupid to realize why corporations “hide money in international tax shelters,” and at the same time are too stupid to figure out how to legally do it themselves.
The result of this false “tax on BIG corprorations” will naturally be more business moving off-shore, higher prices from those that don’t, and ultimately a decrease in the overall standard of living for just about everyone in America.
The only glimmer of a silver lining in this storm cloud is that the grinning ninny and his minnions will Jimmy-jack the economy, resulting in Carter’s double digit inflation, double digit mortgage rates, and double digit unemployment. Thus perhaps we can bid the lib-dems in the Congress adieu at the mid-term elections, and be rid of the Teleprompter in Chief after his four years of pretending to be the President.
May 5th, 2009 at 12:35 pm
Perhaps they just figure it’s better if you earn no profits than if you earn profits but don’t pay tax on them.