Facebook isn’t the only company using such loopholes to lower its burden. Levin’s Senate subcommittee accused Apple, Google and Microsoft of dodging billions in taxes by using potentially illegal schemes to stash profits overseas. Despite all this, President Obama indicated Wednesday in his budget that he would keep many of the loopholes open if Republicans agreed to tax increases on wealthy individuals, according to the Hill. link
I wish I had something smart, analytical or witty to add, but I don't.
Obama and his flaming tone deafness leaves me without words. While he swaps pots of gold with the rich, he cuts benefits to the poor and aged and cheats middle age workers out of the only predictable retirement income they have left.
My only consolation is that I never gave this guy a dime.