off_world_beings wrote: > This is the one issue, above all, that, if I > were American, I would defend Obama at all > costs on this issue... > So, how would you defend it and how, exactly, would you talk the Dems into voting for it?
There is a problems with this - Nobama is going to upset many American companies that invest overseas by grouping them all with 'tax cheats'; and he'll upset the G8 who recently wrote some agreements to limit protectionism. Now the U.S. is going to try and enforecement legislation that will limit investement in third-world countries? Now Obama wants to raise taxes on corporations right in the middle of a recession? This doesn't even make any sense. Why would the U.S. want companies to pull out of other countries? We WANT the U.S. to invest in other countries, not back out of current economic agreements. "President Barack Obama's plan to end tax breaks for U.S.-based multinational companies drew a skeptical response from fellow Democrats on Capitol Hill, indicating that his plan may face obstacles on its path through Congress..." 'Obama's Bid to End Offshore Tax Havens Faces Hurdle in Congress' By Ryan J. Donmoyer Bloomberg, May 5, 2009 http://tinyurl.com/cxa8ls
