Thursday, November 12, 2009

How low can they go?


And yet in the now-Democratic Congress seven years later, with deficits exploding and the government clearly needing to strengthen any and all incentives for corporations to pay their taxes, I was more than disheartened to read this story in the Hill newspaper this week:

[] Multinational corporations are fighting to preserve language in a spending bill that would weaken a ban on federal contracts.

The provision, inserted in the Senate version of the bill at the request of the Obama administration, would weaken a ban on federal contracts for inverted companies...

Before the ban began in 2002, four of the 100 largest federal contractors were inverted, according to a Government Accountability Office report.

In 2001, those four companies received $2.7 billion in federal contracts, but they have unable to win the contracts since the ban was put into place. []

The Obama administration is justifying its push on the grounds that the ban may - at some point in the undetermined future - conflict with our trade agreements. It's a charge North Dakota Sen. Byron Dorgan (D) rightly calls "absurd."

Is there nothing that these Democrats won't do to sell us out to corporate America. Think about this for a second. This is a Congress that is deliberately voting to reduce tax revenue in the middle of a recession by giving favors to corporate America.

I don't suppose they'd let every American citizen move their official residence to the Bahamas in order to reduce our taxes. Naw, didn't think so. You have to be able to bribe Congress with millions of dollars to get such preferential treatment.

Why on earth did the people elect these crooks? And, sure the people won't vote to re-elect a Congress that lets corporations move revenue and jobs out of America?

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