If the regime was truly interested in creating an atmosphere where all can experience financial advancement, they would propose a comprehensive revamp of the punishing tax code and cut the rates by a minimum of 50%. Instead the regime punishes the job creators with even more anti-business regulations.
The Obama administration cracked down Monday on so-called tax inversions, aiming to curb a spate of American companies shifting overseas in an attempt to shirk paying U.S. taxes.
New regulations from the Treasury Department will make inversions less lucrative by barring creative techniques that companies use to lower their tax bill. Additionally, the U.S. will make it harder for companies to move overseas in the first place by tightening the requirements they must meet.
"This action will significantly diminish the ability of inverted companies to escape U.S. taxation," said Treasury Secretary Jacob Lew. He added that for some companies considering inversions, the new measures would mean inverting would "no longer make economic sense."
President Barack Obama said he was glad Treasury was taking steps to reverse the trend of companies seeking to "exploit this loophole" to avoid paying their fair share in taxes. Yet he said he was still calling on Congress to pursue broader tax reform that would reduce the corporate tax rate, close loopholes and make the tax code simpler.
Not only is this anti-business, it is also unconstitutional. This is how a totalitarian state functions.
The totalitarian regime is doing everything in its power to enable enemies of the United States to enter our land freely. It appears to be the desire of Obama and his regime to have acts of terrorism committed with our borders. Perhaps this is the National Security emergency they seek to bring about Marshall Law.
Federal officials have threatened law enforcement agents with termination and criminal prosecution for leaking information about the threat of terrorist attacks near the Texas-Mexico border.
We know the Justice Department is not prosecuting terrorists but insisting they be released when captured. But the Justice Department will prosecute agents for informing the American people.