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Tag Archives: overseas profits
“Merchants Have No Country”
Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains. ~Thomas Jefferson Cases in point: “Some of the country’s best-known multi-national corporations closely guard a … Continue reading
Posted in Corporations, economy
Tagged General Electric, IBM, India, Jeff Immelt, jobs, merchants, multi-national corporations, outsourcing, overseas profits, tax break, Thomas Jefferson
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Obama Hearts the “Gang of Six” Plan
President Obama was quick to endorse the latest deficit reduction plan, the one from the so-called “Gang of Six” released yesterday, calling it a “very significant step” and “broadly consistent with the approach he has advocated.” This without knowing the … Continue reading
Posted in budget, Congress, economy, health care, Medicaid, Medicare, Obama, Politics, Social Security, Taxes, Unemployment
Tagged Alternative Minimum Tax, CLASS Act, corporate tax cuts, deficit reduction, economic growth, Gang of Six, marginal tax rates, Medicaid, Medicare, Obama, overseas profits, Pentagon, Social Security, spending caps, supply side
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