America Doesn't Need a Tax-Dodging Industry

[Donnachaidh]

http://www.commondreams.org/view/2011/07/25-3

Like a pack of men in suits mud wrestling, Washington's budget battle would be entertaining to watch if we the people weren't about to get hurt.

The zeal of Republican lawmakers and their compliant counterparts in the Democratic Party to slash spending on Medicare, Medicaid, Social Security, and other essential programs will lower the quality of life in our communities and take a toll on public health.

Off to the side of the mud pit, however, is a $1 trillion dollar idea that would support patriotic U.S. businesses, discourage job exports, and restore fairness to our tax system. It's an idea that already commands widespread public support. It deserves broad bipartisan political support too.

In the last two weeks, congressional leaders, led by Democrats Carl Levin of Michigan in the Senate and Lloyd Doggett of Texas in the House, have introduced an updated version of the "Stop Tax Haven Abuse Act." Their proposal would shut down the offshore tax loopholes that encourage corporate tax dodging.

More at the link --

[nashville_brook]

1. i sometimes wonder...do they think we can't see them?

do they think that no one is paying attention?