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.
Nicole Tichon of the U.S. Public Interest Research Group
We're not surprised by the predictable response of the PACE Coalition, even to what amounts to a watered down deferral provision. Organizations like PACE will kick and scream whenever it seems like their members might have to start paying their fair share of taxes.
Even if deferral reform is put off until next year, there are many more critical reforms that can be enacted now and that are necessary to keep from pushing the tax burden of a few companies and a few individuals to the rest of us taxpayers.
For instance, it is critical that Congress and this President move to rein in tax dodging companies that operate here in the U.S. with a mere post-office box in Bermuda or the Cayman Islands -- just to avoid their taxes. It's critical that tax law catch up to reality. Moving money around for no other reason than to avoid taxes needs to end. Better reporting needs to start. That's the fight that U.S. PIRG will continue."