And folks wonder why so many that hate government fight to get hired on the peoples payroll and continue to fight harder to stay on!!
Boehner, Camp Profit From Corporate Bid to Avoid U.S. Tax
Aug 26, 2014 - Two top Republican lawmakers profited from a corporate tax-avoidance maneuver that the U.S. Treasury Department is seeking to curb.
While U.S. House Speaker John Boehner and Ways and Means Committee Chairman Dave Camp have resisted calls for a crackdown on companies adopting overseas addresses to pay lower taxes, both have made money off one of the deals. They also have investments at risk of losing value because of government action.
The two lawmakers reported the sale of stock in Covidien Plc within nine days of Medtronic Inc. (MDT) saying it was planning a takeover, an announcement that sent Dublin-based Covidien’s shares near a 52-week high. The deal, one of several that have sparked a national debate over U.S. corporate tax policy, would put the combined company’s headquarters in Ireland and reduce its tax rate.
Boehner, the top Republican in Congress, and Camp, whose committee controls tax policy, haven’t backed a proposal by President Barack Obama and Democrats for a retroactive law that would penalize the Medtronic-Covidien (COV) deal and seven others. read more>>>
And those doing so, of the conservative mentality, seek to privatize all of Government, think the VA and any that stick to the wall Rep Miller 'scandals', so as still government agencies they can then build the budgets for, not for the intended purposes but for corporate profit bottom line growth!
Still wonderin how much the conservative war rubber stampers, extremely little for the veterans of, reaped off them war costs on the credit card and no bid private war theater contracts, building a private merc army along with, that the cheney and friends demanded!!! They were the only ones meeting with the bushco's as the country quickly abandoned the missions and those sent to accomplish in the war drums loud beating at Iraq!!