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GOP Fight To Keep Tax Loopholes For Big Business

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Comments: 25 comments

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  • phillynotebook
    December 19th, 2009 at 1:38 pm

    DUDE, where do all the Corporation presidents and executives come from ?? Harvard left wing, Yale left wing, Princeton left wing, Columbia left wing, Penn left wing etc, the problem is we have too many left wing kool aid drinkers in charge, TIME FOR A CLEAN SWEEP, including people like your self

  • theporksicle
    December 19th, 2009 at 1:38 pm

    Not necessarily, there’s ways to do it, complex and probably beyond the comprehension of the majority of people who are not tax law specialists but there’s reasons why tax lawyers are among the best paid lawyers.

  • Elendil176
    December 19th, 2009 at 1:38 pm

    which is tax evasion

  • theporksicle
    December 19th, 2009 at 1:38 pm

    First mistake, you are not evading tax if you establish an offshore company, you are simply using the registration of your business overseas as way of ensuring your profits are not taxable.
    Let’s face it, tax lawyers are generally twice as clever as any legislator, if a legislator closes one loophole they will simply find a new one and THANK GOD for that.

  • avalsonline
    December 19th, 2009 at 1:38 pm

    except it does not work watch the news. and IT IS ILLIGAL

  • robfathah
    December 19th, 2009 at 1:38 pm

    What if that person was you, chuckles?

  • nilbud
    December 19th, 2009 at 1:38 pm

    Well that 1 person is you, off you pop.

  • nilbud
    December 19th, 2009 at 1:38 pm

    No the Nazis were tortured and illegally killed as POWs they were also starved to death. It was pretty fucking shabby actually but the propaganda machine was more powerful then.

  • grindstone1
    December 19th, 2009 at 1:38 pm

    Haven’t we already figured out that torture doesn’t work, at least not as well as interogation that does work? Why do you think we STOPPED USING IT ALMOST A CENTURY AGO? Why are we REGRESSING? Jeez, we treated the Nazis better. am i wrong?

  • thetotalvidwatcher
    December 19th, 2009 at 1:38 pm

    100% true. Not to mention there hasn’t been a circumstance to at all justify torture!

  • thetotalvidwatcher
    December 19th, 2009 at 1:38 pm

    Wait what? since when will waterboarding someone save 100 people? Thas is bullshit! Most confessions if not all from waterboarding were false. Not to mention when we close guantanamo we are MONITORING the peeople who were there, we aren’t just letting them go in the middle of manhattan with bomb-making materials!

  • jotunPIKK
    December 19th, 2009 at 1:38 pm

    People still don’t get it, Republicans have no policy. Their only policy is to fight EVERYTHING the democrats wants, no matter what.

    I bet if Obama comes out tomorrow and say we are gonna do everything that stands in the GOP’s program…if they have any that is… The GOP will even fight that, because to them it has nothing to do with USA doing great, its all about beating the other party.

  • LifeUntilLove
    December 19th, 2009 at 1:38 pm

    That doesn’t make it any less illegal then it already is. Regardless of the circumstances, torture is illegal and waterboarding is torture by international law. There is no getting around it.

  • Elevan613
    December 19th, 2009 at 1:38 pm

    Black peopel I agree with you I’d rather have 1 person waterboarded then 100 people die in someone blowing up a building.

  • BlackpeopleLOL
    December 19th, 2009 at 1:38 pm

    That’s really answering my question isn’t it? Yeah, typical from liberals, the intellectual approach. LOL

  • BaconStrip78
    December 19th, 2009 at 1:38 pm

    By your name and your posts, I can tell how angry of a person you are. My guess is small dick, bad job, no woman, and it really wasn’t hard to figure that out.

  • BaconStrip78
    December 19th, 2009 at 1:38 pm

    Yeah, except supply side economics is a myth that was debunked in the 80s. Find me a PhD in economics who specializes in supply side today, in the public or private sector. I’ll wait.

  • masticina
    December 19th, 2009 at 1:38 pm

    Funny not how some big co operations pay 0 dollar a year in taxation. While an average household is paying lets say 25% tax?

    Mmm something is wrong here.

  • BlackpeopleLOL
    December 19th, 2009 at 1:38 pm

    Fine whatever. None of that bullshit noise distracts from the fact that blowing a building up is a bigger crime than waterboarding.

    Of course its easy for you to stand on your little high horse there.

    I’d like to see you try to explain to some families of bombing victims “oh, but two wrongs don’t make a right!”

    Fucking pussy, fucking cowardly little gremlin, greaseball piece of liberal shit pisstain, dog shit.

  • ebutym11225
    December 19th, 2009 at 1:38 pm

    Blackpeople,
    Your arguments are flawed.
    Waterboarding and terroristic bombings are both illegal. One does not negate the other.
    That homosexuality was illegal 50 years ago and is not now does not mean that all laws that were relevant 50 years ago are no longer relevant. Waterboarding was illegal then, and it is illegal now.

    Try running your arguments by a high school graduate (for approval) before you display them in public.

  • seestickglue232
    December 19th, 2009 at 1:38 pm

    Rumsfeld, Cheney, Rove and Rice are busy working for their own business so the republican party can’t be run by them alone anymore…sorry to you republicans who are old and senile and got lost on the way to congress but you guys gotta come up with some good ideas or you are fucked

  • FluxCapacitor2008
    December 19th, 2009 at 1:38 pm

    Enron, the poster child of corporate crime, fraud and abuse, was no less aggressive in seeking to avoid paying taxes than it was in manipulating markets and cooking the books. Enron paid no taxes in four of the five last years before it filed for bankruptcy

  • FluxCapacitor2008
    December 19th, 2009 at 1:38 pm

    * By 2000, U.S. federal and state corporate taxes had dropped to 2.5% of GDP from 4.1% in 1965, while corporate income taxes in other OECD countries had risen to 3.4% GDP. In 2002, U.S. corporate taxes plummeted to only 1.5% of GDP.

    * The New York Times reported in August, 2002 that the 100 largest U.S. publicly traded companies pay a significantly smaller share of their profits in taxes worldwide than the 100 largest companies based outside the United States.

  • FluxCapacitor2008
    December 19th, 2009 at 1:38 pm

    Two congressional experts familiar with the corporate tax debate suggest that “the U.S. tax system, with its combination of deferral and a foreign tax credit, is probably more generous in most circumstances than the “territorial systems” used by other countries.” The data bear this out:

  • FluxCapacitor2008
    December 19th, 2009 at 1:38 pm

    Although no one knows for sure how much offshore tax avoidance is costing the country, Senator Max Baucus (D-MT), ranking member of the Senate Finance Committee estimates that the cost of tax avoiding by both individuals and corporations through the use of offshore tax shelters to be $70 billion a year – roughly the same amount that President Bush requested to pay for the first 6 months of the war and occupation of Iraq.

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