President Obama: ‘Every Multinational Company Should Have to Pay a Basic Minimum Tax’
- Posted on February 15, 2012 at 5:00pm by
Becket Adams
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President Obama gave a speech today in Milwaukee wherein he discussed his plans for the U.S. economy, promoted American manufacturing, and suggested implementing what sounds an awful lot like a global minimum tax.
“[N]o American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas,” the president said.
“From now on, every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay and hire in the United States of America [emphasis added],” he added.
See the president’s remarks via CSPAN:
And although the president chose to call it a “basic minimum tax,” the concept, as he explained it, is identical to a global minimum tax.
But what is a global minimum tax?
As John Hayward of Human Events explains, one of the consequences of “slapping nervous businessmen with confiscatory tax increases is that more operations will be moved overseas.”
He continues:
There are plenty of places for a corporation to escape the grasp of a tax-hungry Obama Administration, since America already has among the highest corporate taxes in the developed world, and Obama wants to make them even higher. Some people criticize capital flight as unpatriotic, but there comes a point at which keeping investments within our borders is illogical.
Well, the geniuses who brought you Solyndra and Cash for Clunkers have a solution to that problem: a global minimum tax that would cripple the rest of the industrialized world by raising their tax rates to Obama levels. Then nobody would have a reason to outsource or move their investments overseas.
The president’s comments also come on the heels of eyebrow-raising remarks made earlier this week by Gene Sperling, the director of the White House Economic Council.
During a panel discussion, he said the following [emphases added]:
He [President Obama] supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, as we have the Buffett Rule and the individual tax reform, we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens.
Sperling’s remarks resurrected earlier concerns that United Nations leaders were considering a proposal for a world tax to fund “social protection,” according to The Blaze’s Jon Seidl.
Watch Sperling talk about a global minimum tax via YouTube:
The most important takeaway from this clip is the fact that Sperling claims the president of the United States, the leader of the free world, supports such an initiative.
However, after the video began to circulate and questions were raised, the White House told Politico, via an anonymous official, that “[Sperling] was referring to our proposal in the Blueprint for an American Built to Last that removes tax incentives for companies that ship jobs overseas.”
But as the Weekly Standard points out, the Politico article ”never actually quoted anyone — named or unnamed — denying the substance of Sperling’s proposal (or even that it would in effect be a ‘global minimum tax’)”.
Indeed, after listening to President Obama’s Milwaukee speech, it would seem that the only difference between his message and Sperling’s “global minimum tax” comment is that the president prefers to call it “basic minimum tax.”
“Either way,” the Weekly Standard’s Daniel Harper writes, “it’s the same thing regardless of how the White House wants to message it.”
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Comments (168)
Spyderco
Posted on February 15, 2012 at 5:39pmRemeber the manra: Tax everything that moves and everything that does not move. Its so easy to spend everyone else’s money.
Report Post »Spyderco
Posted on February 15, 2012 at 5:42pmmantra oops
Report Post »MYHEROISRON
Posted on February 15, 2012 at 5:54pmReduce the size of government, OBAMMY! Attack government corruption, waste and abuse and you wouldn’t have to tax the American people to death! But you know that, don’t you? Plain and simple, you just want to destroy America, don’t you? Sucks to be you …
Report Post »justangry
Posted on February 15, 2012 at 6:03pmHe just wants to golf in Tahiti, rather than HI next Christmas and with what he’s done to the dollar….
Report Post »booger71
Posted on February 15, 2012 at 6:11pmI think everyone who votes for Barry owes me a minimum tax of 1 dollar.
Report Post »Lumbar Spine
Posted on February 15, 2012 at 6:21pmGee, Booger…then you’d get a dollar from a majority of the voters.
Obama 2012.
Report Post »ICRedifURBlue
Posted on February 15, 2012 at 6:27pmSoon might have to start paying taxes with………….. lead…………………..(hope not though)
Report Post »Lumbar Spine
Posted on February 15, 2012 at 6:34pmICREDIFURBLUE..lead? Is that a reference to bullets? Does Glenn Beck allow veiled threats of violence on this board? Moderator…?
2theADDLED
Posted on February 15, 2012 at 7:02pmSounds good on paper so what happens when someone feels the others aren’t paying their fair share which will happen ? All out Nuclear War.
Report Post »Just_Us
Posted on February 15, 2012 at 7:04pmIf you want less of anything, tax it. If you want fewer corporations in the US, tax them. If there is a more business friendly environment elsewhere, they will move. Can we not learn this lesson from California? No, apparently not.
Report Post »Blackop
Posted on February 15, 2012 at 7:23pmYou have a cool avatar, despite being as idiot.
Report Post »2theADDLED
Posted on February 15, 2012 at 7:24pmHere a clue tax everyone in the U.S. 100% and you still couldn’t balance the books.
Report Post »nzkiwi
Posted on February 15, 2012 at 8:25pm@Spyderco
The mantra has in fact been the holy grail of the UN for a very long time. The UN hates the fact that the US pays about a quarter of the costs of the UN and has, in the past, threatened to delay or withhold its payment when the UN starts to wander off the reservation.
The UN wants to tax 6 billion people individually without aquiesence from elected governments and, in passing, to have its own standing army.
This is a hideously dangerous idea but your president is quietly pushing the USA (and therefore the free world) towards it.
To give you an idea of what’s involved, here are some brief items from Newsmax which has been watching this spectre for some time. These items are a few years old and it is worth noting that Europe is attempting to implement some of them through “airline taxes” as this very moment.
http://archive.newsmax.com/archives/articles/2002/3/15/170604.shtml
http://archive.newsmax.com/archives/articles/2003/4/7/144301.shtml
http://archive.newsmax.com/archives/articles/2005/10/6/133106.shtml
Report Post »universalphilos
Posted on February 15, 2012 at 8:40pmIn my town (the one which incorporated my neighborhood a few years ago when we were happy in the county) there is a new “fee.” They explained to me it is a fee on the rain that falls from the sky – onto the streets, into the gutters, and down natural washes to the dry riverbeds. The named it, Storm Water Utility fee. Sounds like they spent money on PR to come up with a legal-sounding name. But it’s a tax on the rain that falls from the sky. Since this is Arizona, there isn’t that much rainfall, so they don’t have to catch it or build drainage ways. Just tax us, ooops, they corrected me that this is nota tax, it’s a “fee.”
Report Post »ANTISOCIAL-IST
Posted on February 15, 2012 at 9:10pm@softlumbarspine: “mommy, timmy pinched me.” you’re not even a good troll. you sound like a whining child.
Report Post »2theADDLED
Posted on February 15, 2012 at 9:29pm@ Lumbar Spine
Report Post »I hear your mother calling come up from the basement now your dinner is getting cold.
WeDontNeedNoSteenkinBadges10
Posted on February 16, 2012 at 3:53amMmmm, mmmm, mmmm,
Barack Hussein yo’mama.
She was a bitch,
a commie goon,
to overthrow
us very soon.
Mmmm, mmmm, mmmm,
Barack Hussein from Kenya.
No U.S. birth,
no paperwork.
His lawyers stop
all those who look.
Mmmm, mmmm, mmmm,
Barack Hussein mohammad.
Black-hate churches,
no Christ in them.
Mecca bowing
In islam hem.
Mmmm, mmmm, mmmm,
Barack Hussein the marxist.
Uphold our Law
is not his game.
Dictatorship,
to be our bane.
Mmmm, mmmm, mmmm,
Report Post »Barack Hussein Obama.
LovinUSA
Posted on February 16, 2012 at 5:08amBarry has to pay for Michelles wardrobe some how.
Report Post »Wolf
Posted on February 16, 2012 at 8:07amMoron POS POTUS. Screwing America all the way to hell.
Report Post »johnnylingo
Posted on February 16, 2012 at 9:43pmCommon guys. I‘m really getting into this redistributing everbody’s earnings , while I make me and my Hippie buds rich off of you dumb sukas. I’d laugh about it with Moochelle but shes busy scheduling ANOTHER VACATION at you dumbos expense.PLEEEZE give me another term and I’ll completely destroy your country. Maybe even move home, to Kenya.
Report Post »CNK
Posted on February 15, 2012 at 5:37pmHas this man ever met a tax he didn’t like? Things are really getting out of hand with Obama, he’s going full steam ahead as we get closer to election time. The man is a socialist, if he gets elected again it will be over for all of us. And by the way, I’m getting sick and tired of some of the conservative media refering to Obama as good man who has a great family and how nice he is to his wife and kids. The man is systematically taking away our freedom and he’s a good family man? How about the mass killers in this country who may have a nice family and the killer is real nice to his kids, but he goes out and kills, is this man a good person. Folks, anybody who takes away my freedom is not a nice person, I don’t give S!?T what he does at home.
Report Post »AvengerK
Posted on February 15, 2012 at 5:49pmObama is killing business in this country and by killing business, he’s killing hiring.
Reported in Gallup:
U.S. small-business owners who aren’t hiring — 85% of those surveyed — are most likely to say the reasons they are not doing so include not needing additional employees; worries about weak business conditions, including revenues; cash flow; and the overall U.S. economy. Additionally, nearly half of small-business owners point to potential healthcare costs (48%) and government regulations (46%) as reasons. One in four are not hiring because they worry they may not be in business in 12 months.
Report Post »Companies typically hold back on hiring when the economy is weak and when their operating environment is not providing sufficient revenues or cash flows. This appears to be the case right now, as the economy has been weak for more than four years. Less typical is for many owners to point to such things as potential healthcare costs and government regulations.
Make no mistake…Obama is killing hiring and opportunity in this country.
Obama has his “Truth Team” well it’s time to do to Obama what he plans to do to the country. Do as Obama demanded of his minions..get out and talk to your friends, family and associates. Tell them about surveys like this one from Gallup that cite precisely Obama‘s policies as to why they’re not hiring and why they’re not expanding. The media won’t do it WE have to.
Lumbar Spine
Posted on February 15, 2012 at 6:14pmComparing Obama to a mass murderer…? Bet you’re a Christian, right…? You people have lost it…or never had it to begin with.
Report Post »JP4JOY
Posted on February 15, 2012 at 7:44pm@LUMBAR SPINE
Is APPLE a greedy corp? How about FACEBOOK, GOOGLE, YAHOO, need I go on? Will it be better if we have a global income tax paying homage to the political greedbots?
How about we live within our means and quit spending money we don’t have. On the other hand we could just print more dollars. Or better yet just type in a few keystrokes and invent more money without the cost of printing. That idea worked so well for Weimar Germany they were making money out of clay because metal of any kind was too expensive and instead of printing notes they started making stamps as currency. It was cheaper to burn the money than to buy coal for heat. Ironically our money doesn’t burn so well as it is made of cotton.
Report Post »mils
Posted on February 15, 2012 at 10:09pm“one world order”…
Report Post »George 1, spoke of the thousand points of light and the new world order…that’s why i think the left and right are working together to bring this about..
Republicans don’t answer back and liberals tromp all over them…it’s all planned…i’m not in conspiracies..but, this one i think i’m really beginning to believe
Obama will win the election, if there is one..
Tri-ox
Posted on February 15, 2012 at 5:34pmTurd-bucket Barry strikes again!
Report Post »AvengerK
Posted on February 15, 2012 at 5:42pmObama’s an idiot and a dangerous one. The underemployment rate is at record highs in this country. The work force has shrunk under Obama’s administration. More people aren’t paying Federal taxes. And what does Obama do? Make it even more appealing for companies to take their business elsewhere. He’s crushing the American people under the heel of his stupidity and myopic adherence to socialism and government control. Rather than attract business back to the U.S. he’s scaring it away like Godzilla. He wants to tax everything he can. That’s his answer to everything..tax, tax, tax. This idiot must be removed from office, this country cannot take four more years of the b@stard. All he cares about is his re-election and he’s willing to go scorched earth with this populist “fair” idiocy to do it. He’s hurting us all.
Report Post »Lumbar Spine
Posted on February 15, 2012 at 6:24pmAVENGERK…blah, blah, blah. bah, blah, blah, blah, blah…
Obama has lowered taxes for the middle class. Greedy corporations who move jobs offshore need to be taxed. We tried the carrot…now let’s try the stick.
Report Post »AvengerK
Posted on February 16, 2012 at 11:31amLOL….you’re an idiot LUMBAR SPINE Obama has not lowered the tax rate for the middle class, tax holidays and temporary credits are not lowered rates. You liberal idiots are unteachable.
Report Post »AvengerK
Posted on February 16, 2012 at 11:33amoh and by the way LUMBAR SPINE….Obama’s legal team it saying that the individual mandate in Obamacare is a tax in order to insinuate it past the Supreme Court. That means Obama’s imposed new taxes on EVERYONE. Keep trying idiot.
Report Post »AvengerK
Posted on February 16, 2012 at 12:13pmAnd one more thing LUMBAR SPINE….it didn’t elude me that your “blah blah’s” were your paltry attempt to ignore the fact that under Obama, the underemployment rate has grown, the workforce has shrunk and less Americans are working. Come on sport…have any Media Matters talking points for that one?
Report Post »NOBALONEY
Posted on February 15, 2012 at 5:32pm“Basic Minimum Tax”, ‘Global Minimum Tax, Financial Transaction Tax, and the Financial Activity Tax. These new tax methods are what the FED, IMF, World Bank, and ECB have been calling for these past few years.
Report Post »The Income, Corporate, Sales, and VAT taxes aren’t enough for these money grubbers!
The_Jerk
Posted on February 15, 2012 at 5:39pmListen, we all know who the Shylocks are. They’ve been pushing for this global economy for over a half century. They run the banks.
Report Post »TheObamanation
Posted on February 15, 2012 at 5:44pmAt least a crook runs when he’s caught taking your money … these guys just think of new ways to steal from us by changing the law
Report Post »Darmok and Jalad at Tanagra
Posted on February 15, 2012 at 5:54pmInteresting, this is something Beck brought up over a year ago, part of the New World Order blue print George Soros was calling for. Interesting.
Report Post »Razorhunters
Posted on February 15, 2012 at 5:30pmOPERATION TROJAN HORSE 08 – DENVER INTERNATIONAL AIRPORT (UNDERGROUND)
Report Post »http://www.youtube.com/watch?feature=player_detailpage&v=W-luS-LQiDk
jhaydeng
Posted on February 15, 2012 at 5:32pmWay to reel em in Mr. Prez!
Report Post »MS-GlenNBC
Posted on February 15, 2012 at 5:28pmDoes this guy have a Jacket. He looks as presidential as Romney…
Running around the country with his sleeves rolled up and no jacket on.. Hey Obama, Romney
Is this Casual Day?
Oh, “He looks Presidential”, “He’s Electable”
Trash~!@
Report Post »hatchetjob
Posted on February 15, 2012 at 5:39pmIf Obama was wearing a jacket, he wouldn’t look like he was working hard. He has to look as if he’s breaking a sweat with the sleeves rolled up.
Report Post »@leftfighter
Posted on February 15, 2012 at 5:41pmWait. What?
Awesome job on a clear as mud post.
Report Post »Baddoggy
Posted on February 15, 2012 at 5:27pmThis man needs to be removed from office! He is NOT God!!!
Report Post »Spyderco
Posted on February 15, 2012 at 5:35pmHe’s not!!! Dont tell Chris Mathews or Nancey P. They will be heart broken!
Report Post »neverending
Posted on February 15, 2012 at 5:39pmand move into a jail cell.
Report Post »jakartaman
Posted on February 15, 2012 at 5:25pmDon’t give any Government squat
They will only p-ss it away on stupid stuff or give to their cronies.
The more the people have money the more the economy grows
the more government has your money the economy goes the way we are heading – depression ville
Our POTUS is one of the biggest socialist leaders in the world today
God help us!
November 2012
Report Post »Lumbar Spine
Posted on February 15, 2012 at 5:30pmUmmm…it’s about giving corporations a disincentive to move jobs overseas. I guess you’re not worried about keeping jobs in America…?
Report Post »I.Gaspar
Posted on February 15, 2012 at 6:47pmspineless.
Report Post »Are you really as stupid as you sound? Can you not see what this tryant is doing? Or do you think you‘ll be exempt since you’re such a blind supporter?
You and your kind are why we have him…and you just can’t stop.
Marine25
Posted on February 15, 2012 at 8:40pmIn 2002 we became the first country in the history of civilization to wage war and simultaneously reduce taxes. We spent over a billion a month to wage two wars on borrowed money. How come it’s the chickenhawks that are constantly screaming about raising taxes? We were sent to Iraq and Afghanistan and all the “patriots” back home cheered. Perhaps you were all actually cheering your tax breaks. What did you think was going to happen when we ran two full-scale wars and dramatically reduced tax revenue? Well, now you know. I did my share, and I’d have no problem with my taxes increasing to pay for what was fought and never paid for. Corporate America continues to dodge as much tax responsibility as they can, and tea-partiers defend them while slapping “support our troops” magnets on their bumpers. The so-called Bush tax cuts would have been okay in peacetime, but have proven historically disasterous while funding two wars.
Report Post »Razorhunters
Posted on February 15, 2012 at 5:23pmsounds just like the un call for global tax.
Report Post »http://www.youtube.com/watch?feature=player_detailpage&v=qy-s289B-Yk
Lotus503
Posted on February 15, 2012 at 5:21pmI’ll say what our Congress, our Senate and our State governments are afraid to say to Mr. Obama.
No!
Report Post »Nemo13
Posted on February 15, 2012 at 5:20pmSCREW Obama and his new world order tax! He can shove it up his Kenya! America has it‘s own mooch problems we don’t need more of his cousins on world welfare.
Report Post »Lumbar Spine
Posted on February 15, 2012 at 5:27pmI’ve been following The Blaze for a while and it definitely appears to me that a good many (maybe even most) of the people who post here don’t bother to read the articles and only read the headline.
Report Post »TheObamanation
Posted on February 15, 2012 at 5:36pmYeah … we make up our minds before we read it … sound familiar ?
Report Post »copatriots
Posted on February 15, 2012 at 5:18pmObama and libs are going to continue the “pay their fair share” mantra until it is drilled into every one of the mindless entitlement drones’ minds and lingo as effectively as 2 + 2 = 5.
Report Post »wingnut1955
Posted on February 15, 2012 at 5:26pmIt should start with the Obama cabinet paying their income taxes including their back taxes. As for a tax on foreign companies, I thought that was called “Tariffs”.
Report Post »lassew
Posted on February 15, 2012 at 5:38pmI think Nobama and friends should put their money where their mouths are….give up all their little perks and such and start living like the rest of us. And no, I am not the 99%! The only way they can spout their nonsense is because they are all cocooned up in their ivory(granite?) tower in Washington. We have let this happen over the years by turning a blind eye while they have all voted themselves a cosy little way of life. The creators of the Constitution are spinning like tops in their graves watching how this government has gecome a mockery of what they intended!
Report Post »financiallyfreeb430
Posted on February 15, 2012 at 6:16pm@Lumbar Spine- Your UAW job at General Motors is never coming back!! Get over it!! Ive got a fantastic idea!!!!! Why dont you worry about creating jobs? Rather than waiting in line for one!!!
Report Post »Lumbar Spine
Posted on February 15, 2012 at 5:16pmSome of you people crack me up. Big corporations have been getting biiger and bigger tax breaks for years and they STILL ship jobs overseas. Tax the hell out of them if they won’t keep jobs here. So what if a CEO has to reduce his salary from $100 million to $50 million. When are you people going to wake up and realize how bad you get screwed by corporate America?
Report Post »dmerwin
Posted on February 15, 2012 at 5:30pmLumbarSpine,
Report Post »The problem is with making exceptions, allowances and loopholes. Green energy loans and subsidies, subsidies to sell hybrid and electric cars, ethanol subsidies, sugar subsidies. GE good friends with the President paid NO tax last year and are moving jobs to China this year. Obama’s Buddy Buffet rails against low capital gains taxes or worse misleads people to believe that cap gains and regular income taxes are the same.Yet Warren won‘t pay the huge tax debt his company owes the gov’t. You guys think your running some kind of shell game, guess what we know where the pea is.
TheObamanation
Posted on February 15, 2012 at 5:33pmIf you don’t get it by now … well … NVM
Report Post »hidden_lion
Posted on February 15, 2012 at 5:38pmDo you know where the tax money goes? Rather than let the government take the money and waste it, why not vote with your wallet and only buy local? That is the only right way. Government screws up everything they touch and they blow every dollar.
Report Post »Just_Us
Posted on February 15, 2012 at 5:51pmFirst off, corporations do NOT pay taxes. Taxes are passed on to the consumer.
Report Post »Second, what’s to prevent companies from leaving the US all together? There is a steady stream of corporations leaving the US for places like Ireland. Taxing the hell out of sure won’t keep them here. Third, this all translates in to higher costs for Americans and a weaker dollar.
But hey, let’s stick it to those evil corporations.
Lumbar Spine
Posted on February 15, 2012 at 6:27pmJUST-US…if corporations pay no taxes then why are they complaining about paying taxes?
Report Post »Snowleopard {gallery of cat folks}
Posted on February 15, 2012 at 5:16pmThis is just one more change in the wrapping of his ‘one global tax’ which he probably will give right to the UN and chase even more corporations out of the US.
Report Post »Lumbar Spine
Posted on February 15, 2012 at 5:21pmOh, please…isn’t there a pill you can take?
Report Post »Chuck Stein
Posted on February 15, 2012 at 5:30pm@ Lumbar Spine
Report Post »Nice move. Good old Soviet-style “if you are not for the collective, you are insane.” A classic, for sure.
Lumbar Spine
Posted on February 15, 2012 at 5:35pmHey, Chuck…seen any black helicopters lately? Or should I ask SNOWLEAOPARD that…?
Report Post »dmerwin
Posted on February 15, 2012 at 5:15pmI’m going to bet that those tax proceeds will bring Solyndra from the ashes like a Phoenix. I DO NOT want government redistributing any tax money to ANY company or project except in a competitive bidding process in which quality of product and cost are the ONLY considerations i.e. no stipulation to union labor or Davis-Bacon wages. I would like to see a reduction in regulations and lowering or eliminating corporate taxes to bring jobs back to the US.
Report Post »Lumbar Spine
Posted on February 15, 2012 at 5:37pmPlease…corporations got huge tax breaks under the Bush tax cuts and that’s when we saw the most jobs shipped overseaqs for the sake of bigger and bigger profits. The problem is that corporate America is not patriotic America.
Report Post »dmerwin
Posted on February 15, 2012 at 5:58pmLumbar Spine
Report Post »No excuses from me for anybody, the sugar and other farm subsidies go back decades. We now need to change that. My point is I do not need a lecture from someone who is NOT making things better. There are many reasons for outsourcing. Labor costs, regulations, resource location, strength of the local money unit and taxes are a few of those. These corporations (whose job it is to make a profit for shareholders) go where ever it makes sense to do business. Currently, we have the highest corporate tax rate AND the most regulation as well as the highest priced labor (unions, UAW is a good example). Until some of these things change, which will not happen while Barack wields the veto pen we will continue to see jobs leave. Last point of economics 101 is that corporations do not pay the tax, that is kindly passed along to the consumer.
hidden_lion
Posted on February 15, 2012 at 6:07pmActually lumbar, the business started heading overseas after passing NAFTA. Why pay an American worker union wages when you can take it to mexico and pay $3 and hour to a guy who will work in poor conditions and work harder. Add to that the insane amount of regulations and paperwork required to manufacture anything in America. Doesn’t take a rocket scientist to see the logic in moving. Why don’t you be patriotic and start a business, hire American workers, and compete. Just a warning though, it takes a lot of work. good luck.
Report Post »hauschild
Posted on February 15, 2012 at 5:14pmGod, I feel so very sorry for impressionable minds at this point in time. What chance do they have without me as a parent? The way I listened to Reagan‘s words I’m sure aren’t much different than how kids now listen to this dude. However, the message is very different. Reagan preached independence and pride and Obama realizes some people can’t (more aptly, are unwilling to) compete, so he aims to bring the productive down to the level of the slugs.
Report Post »SpankDaMonkey
Posted on February 15, 2012 at 5:13pm.
What did Ya’ll expect from the smartest POTUS we have ever had?……..
Are Ya’ll ready for 4 more years?……….
Report Post »Razorhunters
Posted on February 15, 2012 at 5:19pmthat would be Totus.
Report Post »welovetheUSA
Posted on February 15, 2012 at 5:13pmIt just keeps coming……the marxist are i our white house……….get them out.
Report Post »Lumbar Spine
Posted on February 15, 2012 at 5:20pmYea, Spank…Gingrich will have us another war we can’t afford in six months; Santorum is likely to make stores close on Sundays for religious reasons; and Romney…hell, just listen to what Romney says he’ll do and then assume the opposite.
Obama is trying to keep jobs in America. We tried the carrot with these corporations…now let’s try the stick
Obama 2012…
Report Post »hidden_lion
Posted on February 15, 2012 at 6:10pmLumbar-
Report Post »Gingrich won’t have a chance to get us into another war, Obama is doing that already, don’t you read the news?
@leftfighter
Posted on February 15, 2012 at 5:11pm…and the drum beats on the march toward global government…
Report Post »Lumbar Spine
Posted on February 15, 2012 at 5:10pmGood plan, Mr. President…big American corporations have been getting tax breaks for years and show their appreciation by moving jobs offshore because they can make more money that way. Sadly, they consider themselves corporations first and Americans second.
Report Post »hidden_lion
Posted on February 15, 2012 at 5:15pmyeah good call, convince the rich to close down their factories and call it quits. Then they would have to pay no global tax to feed lazy trolls around the world. The richest people could stop working today and would still be set for several lifetimes. If the Richest Americans only paid 5% tax on this years income, they will still have paid more this year in taxes than you will pay over your lifetime….
Report Post »Exrepublisheep
Posted on February 15, 2012 at 5:17pmYup
Report Post »Lumbar Spine
Posted on February 15, 2012 at 5:23pmRich people aren‘t going to kill that cow just because they can’t drain it like they did…there’s still LOTSA money to be made even if they have to bring jobs back here. The problem is that corporate America is not patriotic America…
Report Post »AvengerK
Posted on February 15, 2012 at 5:51pmOh really LUMBAR SPINE? What’s “Patriotic America” then? OWS and it’s latest flag burnings? Nice try champ.
Report Post »Flyingfish
Posted on February 15, 2012 at 6:15pmYou are an idiot. Who do you think owns said coorporations? If you have grandparents who are retired, or anyone else working age with an IRA or a 401K own it that’s who.
Last time I checked everyone actually expects a return on their investment. If a company is loosing money in the US or can move overseas and give a 30% return on their stocks guess which option everyone, including I bet yourself will want them to do. Coorporations have only one loyalty and that is to their owners as it shold be.
Report Post »dmforman
Posted on February 15, 2012 at 5:08pmThe more he opens his mouth, the more I believe without a doubt that he is trying to make us a third world country. We are in a heap of trouble if he is not voted out in November. I also realize that we are in a heap of trouble if he is voted out.
Report Post »copatriots
Posted on February 15, 2012 at 5:19pmHe’s just carrying out the dreams of his father.
Report Post »cookcountypatriot
Posted on February 15, 2012 at 5:08pmprogressives have 1 solution , raise taxes,,,thats thier big plan…raise taxes
Report Post »Derek01
Posted on February 15, 2012 at 5:07pmI’m hoping the large corporations realize it would be much cheaper to vote out obama than put up with his BS
Report Post »Lumbar Spine
Posted on February 15, 2012 at 5:11pmI’m hoping the leaders of large American corporations would act like Americans first and not opportunistic vultures…
Report Post »hidden_lion
Posted on February 15, 2012 at 5:17pmThey need to just close up shop, fire everybody.
Report Post »Derek01
Posted on February 15, 2012 at 6:14pmLumbar,I understand your point and I suspect that these companies would rather be in America BUT they have been chased out by dumb greedy politicians. Obviously it was more profitable for these companies to go somewhere else where I’m sure they were welcomed. I would bet if you were treated like crap you wouldn’t want to stick around either
Report Post »Lumbar Spine
Posted on February 15, 2012 at 6:31pmDEREK,,the fact is these big corporations have not been treated like crap. They have the most expensive lobbyists in town…they own Washington. They benefitted under the Bush tax cuts and STILL moved jobs overseas. It‘s pure freakin’ greed…!
Report Post »Just_Us
Posted on February 15, 2012 at 6:56pmThe corporations will simply leave the US and take the jobs with them. In fact they have been leaving in droves already. We live in a GLOBAL economy and corporations will do business in the country that costs the least. They are not AMERICAN companies as they have an international footprint. They can easily close a headquarters down in the US and export goods here. If you make the business environment too caustic some CEO will get a fat bonus by saving his or her company millions by moving. This is done all the time on a state level within the US.
Report Post »Lumbar Spine
Posted on February 15, 2012 at 7:20pmJUST-US…exactly what I’ve been saying. The so-called Americans who run these big corporations don‘t give a rat’s a$$ about the American economy. They only care about the biggest profits they can milk…the sky’s the limit. Hooray for capitalism…! But don’t tell me these jerks are loyal Americans…they put their corporate interests before the interests of their country.
Report Post »TEARS FOR AMERICA
Posted on February 15, 2012 at 5:06pmRedistribution of wealth.
Report Post »Lumbar Spine
Posted on February 15, 2012 at 5:12pmFairness…!!! Stop rewarding unpatriotic corporations who ship jobs overseas for the sake of larger profits.
Report Post »AvengerK
Posted on February 15, 2012 at 5:37pmand what prompts these companies to seek opportunities overseas LUMBARSPINE? Lower tax rates, lower worker costs, less government interference…etc. You know what’s really not fair LUMBARSPINE? The fact that you’re pig ignorant, myopic and dimwitted, and apparently proud of it.
Report Post »Lumbar Spine
Posted on February 15, 2012 at 6:29pmAVENGERK…ignorant and dimwitted…me? No, I don’t think so. But I notice how you show up when the rest of the goobers are getting their a$$es kicked around.
Report Post »Just_Us
Posted on February 15, 2012 at 6:59pmBusiness does not exist to be patriotic, nor does it exist to support a social agenda. Fail to make profits and you fail to exist. If you can make more profit by relocation, you do it. In the end, you only penalize your citizens through higher prices and a weaker dollar.
Report Post »lukerw
Posted on February 15, 2012 at 5:03pmThe FDR Train… does not stop for Obstructions!
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