The Obama administration's strong-arming of U.S. companies considering a move overseas to save taxes smacks of "real gangster politics,'' says Stephen Moore, chief economist for the Heritage Foundation.
"It's almost like the Mafioso from 'The Godfather' says, you know, nice store you have here, it'd be a shame if somebody burned it down,'' Moore said Wednesday on "The Steve Malzberg Show" on Newsmax TV.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
The US Govt is desperate to collect money where it can get it. Now it is attempting to walk back all of the "liberties" it gave to International Corporations years ago with the Trade Agreements.
ReplyDeleteThe purpose of the Trade Agreements has always been to redistribute American wealth to 3rd World Countries. The big International Corporations were all for it.
Now, not so much.
Good, remove the overseas tax shelters.
ReplyDelete