Multinationals Costing U.S. Billions
OPS_admin | Jul 26, 2010 | Comments 0
Large American multinational corporations are evading their domestic tax obligations through a variety of schemes costing the U.S. Treasury billions of dollars each year, according to a report released last week by the Joint Committee on Taxation.
Companies are shifting profits to nations with lower tax rates, sometimes cutting their tax U.S. tax obligations in half each year, the report found.
“I always find it impossible to explain why a pharmacist in Bastrop, Texas, or a small retail store in San Marcos is having to pay higher rates on the income that their hard-working small business owners are earning than some multinational that can duck and dodge taxes in Bermuda or the Cayman Islands,” Rep. Lloyd Doggett (D-TX) said, according to The Kansas City Star.
Full Story: Multinationals Costing U.S. Billions | Economy In Crisis.
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The oligarchs openly talking about a coup d'état in America?
Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.-Thom(Do you think will try it? Tell us here.) -
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
