Gays can wait. People without health insurance can wait for a shred of "bipartisanship" to surface somewhere. And since we must not discriminate against the rich, tax dodgers who operate from overseas havens can wait to pay their dues.
The WSJ reports about the PACE coalition's pressure on the administration:
The Obama administration has shelved a plan to raise more than $200 billion in new taxes on multinational companies following a blitz of complaints from businesses.
A contingent of Silicon Valley chief executives, for example, traveled to Washington in late September to speak out against the proposal to change how the federal government taxes overseas profits. They came away from meetings with key congressmen relieved.
Obama aides say the administration has set the idea aside for now, but may return to it as part of a broader tax overhaul sometime next year. The White House had billed the proposed change as an overdue fix to the tax code and potentially a key revenue-raiser.
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