Another week, another assault on business-as-usual by President Obama. Or is it, as some critics are starting to wonder, an assault on business, as usual?
This time, Obama took aim at offshore tax havens, announcing a drive against corporations and wealthy Americans who avoid U.S. taxes by putting their money overseas.
He is seeking new tax laws, more-stringent reporting requirements, and the hiring of 800 new agents for the Internal Revenue Service...
[But never ask what our businesses need a haven from...
I.e., it's our tax rates, stupid.]
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