Next great Obama administration idea: A ‘global minimum tax’

posted at 10:25 am on February 14, 2012 by Ed Morrissey

Old and busted: Global cap-and-trade.  New hotness: A “global minimum tax.”  The Weekly Standard catches the director of the White House National Economic Council insisting that the path to prosperity and American competitiveness is to establish a coordinated tax rate between all nations.  Gene Sperling then promises more details later, although not the “gory detail”:

“He supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, as we have the Buffett Rule and the individual tax reform, we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens,” Sperling said.

The White House adviser then said that more details would be forthcoming, though “not in gory detail.”

“But we will say more, perhaps not in gory detail, but in more detail, before the end of the month. And in terms of the revenues, the president is looking for shared sacrifice. This budget is a Democratic budget that has savings in Medicaid, it has savings from new beneficiaries, Medicare in 2017, it has agriculture civilian retirement savings. It has a lot of very tough choices.”

Actually, it already sounds a little Gore-y … as in Al Gore and his push for a UN-run cap-and-trade system.  Who, pray tell, would enforce this “global minimum tax”?  If not the UN, then who?  And what happens when emerging economies like China and India either don’t agree to the GMT or refuse to enforce it — as will be the case?  These nations understand that it’s their job to make their economies competitive, not to render them neutral to investment.  That’s a lesson that this administration and its Utopian globalists seem to have missed in three-plus years at the helm.

Instead of worrying about what the rest of the world is doing and proposing new taxes to handicap American firms, how about just fixing our own system to allow American firms to compete better?  That’s only “a race to the bottom” for those who see government confiscation as the measure of success.

Update: Allahpundit e-mails me to suggest that the administration wants to impose a “global minimum tax” on US companies unilaterally to increase tax revenues on offshore operations, rather than enter into a multinational cooperative on tax policy.  That’s possible, but we already have that kind of tax structure in place, which is why US companies are hesitant to repatriate their overseas profit for investment in the US, and that kind of tax change would make the situation worse by pushing those corporations overseas entirely.  The Obama administration has floated that proposal on occasion, though it has always been rejected on a bipartisan basis because of the disaster it would mean to the US economy.

I guess we’ll have to wait for the “gory details” to see which disastrous policy the White House wants to pursue.


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One. World. Government. That is what these marxists want. It’s not just a paranoid right-wing nutjob conspiracy theory anymore.

rbj on February 14, 2012 at 10:28 AM

We also need a benevolent leader here in the U.S., someone who can stay in office for years, decades if necessary, to steer the ship and get things done the correct way without the childish public mucking things up.

Bishop on February 14, 2012 at 10:29 AM

every day these folks around Obama show THEY DO NOT GET IT!!! They don’t want us to have it, they are envious of those that do have it and they want to take away all chances of acquiring it.

Of course I’m referring to life, liberty and the pursuit of happiness.

DanMan on February 14, 2012 at 10:30 AM

This is Obama’s attempt to surrender American sovereignty to the US, just like his plan to submit America to the UN Small Arms Treaty. Obama needs to go to prison for TREASON.

SWalker on February 14, 2012 at 10:30 AM

Once in a while, you get a glimpse into the dark totalitarian fantasy world the left lives in inside their heads.

It’s disconcerting.

thirtyandseven on February 14, 2012 at 10:30 AM

Like Maryland’s state motto: If you can dream it, we can tax it.

rightside on February 14, 2012 at 10:31 AM

Satanic

tom daschle concerned on February 14, 2012 at 10:31 AM

Will this tax be applicable on the moon?

JPeterman on February 14, 2012 at 10:31 AM

One. World. Government. That is what these marxists want. It’s not just a paranoid right-wing nutjob conspiracy theory anymore.

rbj on February 14, 2012 at 10:28 AM

Perhaps it never was a paranoid right-wing nutjob conspiracy theory, perhaps Senator Joesph McCarthy really was right all those years ago.

SWalker on February 14, 2012 at 10:32 AM

And in terms of the revenues, the president is looking for shared sacrifice.

Screw your “shared sacrifice”. You didn’t share in the hard work, the struggles, the setbacks, the personal sacrifices that it took to reach a point in life where I’m comfortable and won’t have to worry about a roof over my head or clothes on my back for the rest of my life.

Trafalgar on February 14, 2012 at 10:32 AM

Who, pray tell, would enforce this “global minimum tax”? If not the UN, then who?

Not important to the Left. They never can be bothered to look past stage one of any policy/law. Unintended consequences? Pfft.

Sovereignty? That’s so last century.

Technocrats in Europe would definitely know what’s best for us. What could possibly go wrong?

visions on February 14, 2012 at 10:32 AM

we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share

the president is looking for shared sacrifice

The new euphemisms for Socialism.

BTW, a global minimum tax? Is this the part where a bunch of outrageously outraged libs jump up and demand the big bully US to quit telling the rest of the world what to to?

Kataklysmic on February 14, 2012 at 10:33 AM

We also need a benevolent leader here in the U.S., someone who can stay in office for years, decades if necessary, to steer the ship and get things done the correct way without the childish public mucking things up.

Bishop on February 14, 2012 at 10:29 AM

Perhaps someone who could write a new constitution for us, to replace our “outdated” one. A constitutional law professor, for instance.

thirtyandseven on February 14, 2012 at 10:33 AM

the president is looking for shared sacrifice.

I was thinking of shared sacrifice as in laying off public employees, eliminating Departments except for State, Defense, Justice, Treasury and Interior, deeply cutting the size of the Federal government. That’s not what he means by “shared sacrifice”, is it! He means, give Washington more power, give everyone else less power. THAT kind of sacrifice.

Paul-Cincy on February 14, 2012 at 10:33 AM

Global minimum tax?

For what? George Soros finding his pockets a bit empty these days?

We don’t need more taxes.

What we need, here and in a lot of other countries, is a lot less spending by government.

coldwarrior on February 14, 2012 at 10:33 AM

Like Maryland’s state motto: If you can dream it, we can tax it.

rightside on February 14, 2012 at 10:31 AM

Not as good as Minnesota’s: Land of 10 Million Taxes

Bishop on February 14, 2012 at 10:33 AM

How about a global maximum tax instead? I’d be down for that.

ATG on February 14, 2012 at 10:34 AM

You know, consolidating power in the US federal government really is not good enough. A world taxing body would create a much better politician to hoi polloi ratio.

WashJeff on February 14, 2012 at 10:34 AM

Yes, if only Obama could be a dictator (like the one in China) for just one day. Wow, he could solve all of our problems. /

WordsMatter on February 14, 2012 at 10:35 AM

someone who can stay in office for years, decades if necessary, to steer the ship and get things done the correct way

Bishop on February 14, 2012 at 10:29 AM

It’s an aircraft carrier. At least get that right.

Paul-Cincy on February 14, 2012 at 10:35 AM

Just a matter of time before we have a tax on taxes…

http://thewashingtonfancy.com/2011/10/24/new-tax-on-taxes-found-in-obamacare-bill/3348

Washington Fancy on February 14, 2012 at 10:35 AM

Return of the Satan sandwich.

HopeHeFails on February 14, 2012 at 10:35 AM

Obama and his glutinous band of merry Marxists have an insatiable appetite for other people’s money and wealth.

rplat on February 14, 2012 at 10:35 AM

Considering that the taxes in Europe are pretty high, it’s simply an excuse to jack up our taxes so we can be “in line” with Europe. Of course we would ignore the lower corporate tax rates in Europe, but details schmetails…

John_G on February 14, 2012 at 10:35 AM

Down is up, and up is down. These folks need to go……..

Rohall1215 on February 14, 2012 at 10:36 AM

New hotness: A “global minimum tax.”

All the more reason for a moon colony.

Newt Gingrich is a true visionary.

MessesWithTexas on February 14, 2012 at 10:36 AM

I won’t pay a UN tax. They can come and get me.

There is absolutely no legal basis for such.

wildcat72 on February 14, 2012 at 10:36 AM

Perhaps someone who could write a new constitution for us, to replace our “outdated” one. A constitutional law professor, for instance.

thirtyandseven on February 14, 2012 at 10:33 AM

Perhaps it’s time to take the notion of stout hemp ropes and pitchforks and torches seriously?

SWalker on February 14, 2012 at 10:36 AM

“…we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share…?

This kind of talk is scary a h3ll folks, scary as h3ll.

WordsMatter on February 14, 2012 at 10:37 AM

Ah, a global tax administered by the U.N.

What could possibly go wrong?

AZCoyote on February 14, 2012 at 10:38 AM

How about a minimum intelligence test for politicians.

The entire White House would fail.

Not to metion a minimum ethics test.

NoDonkey on February 14, 2012 at 10:38 AM

Obama really does not want to leave us with any of our own money. If this administration has its way, we won’t have anything. How can Republicans possibly lose in 2012….although I fear we will.

bopbottle on February 14, 2012 at 10:39 AM

And you wonder why they don’t want anybody to have any guns…except them?

KOOLAID2 on February 14, 2012 at 10:39 AM

Every day I become more and more convinced that Obama really does not want to serve a second term.

Remember that he says he does what Michelle wants. She’s the real boss, and recall, she doesn’t really like being in the White House.

Obama has even previously stated or implied that he doesn’t want to be in office beyond one term. Besides, it fits his M.O. He’s barely lasted more than four year in AN job he’s held and he’s only lost one election – both that and his wins are under interesting circumstances.

He is an actor. Sure, he’s trying to get lots of leftist goals accomplished, but I wonder if he really cares either way? He’ll do his best to implement his, his handlers and his leftist base’s ideals, but if he can’t, what does he care? It’s all win win for him.

Logus on February 14, 2012 at 10:40 AM

I actually like this idea because I know only the best, smartest, and most incorruptible of people would be assigned to administer how the tax funds would be distributed. I’m thinking Richard “Dick” Trumka would be at the top of the list.

Bishop on February 14, 2012 at 10:40 AM

I like this better: a minimum U.S. income tax. That way, everyone would have skin in the game and the govt. couldn’t make a nation of takers.

Christian Conservative on February 14, 2012 at 10:40 AM

Perhaps it never was a paranoid right-wing nutjob conspiracy theory, perhaps Senator Joesph McCarthy really was right all those years ago.

SWalker on February 14, 2012 at 10:32 AM

It’s always been a marxist ideal. Workers of the world, unite. Not just a slogan, but a goal.

McCarthy’s real crime was in being crude. Communists had infiltrated the State Department. Eleanor Roosevelt’s secretary was a communist. But Joe was crude in combating it.

rbj on February 14, 2012 at 10:41 AM

It’s a conspiracy of the UN! BOOGA BOOGA!

I think you need to think a little less literal with the word “global”, Ed.

RanchTooth on February 14, 2012 at 10:42 AM

There is absolutely no legal basis for such.

wildcat72 on February 14, 2012 at 10:36 AM

The fact that the federal government has absolutely no constitutional authority to impose such a tax is a trivial detail to the Obama administration.

Barry’s soooooo much smarter than those silly Founders.

AZCoyote on February 14, 2012 at 10:42 AM

Nothing ticks me off more than this Obamaturism, “Shared Sacrifice”. It is only ‘shared’ when everyone is sacrificing. As it is, close to 50% of Americans are sacrificing anything. Close to 50% of Americans pay no federal income taxes. Where is the sacrifice on their part? Getting less of MY shared sacrifice than they used to? that’s a sacrifice? Not getting their cell phone or 100% allotment of the food stamps, health care and housing that folks like me pay for? I’d like to know, Mr. President, if you’re asking for a ‘shared sacrifice’, shouldn’t the sacrifice…oh, I don’t know…be shared? Making me give my lunch money to another kid is not sharing. Back in school, that is what bullies did. Especially when you have no choice! Especially when they threaten to beat you up if you don’t.

PorchDawg on February 14, 2012 at 10:42 AM

we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens

We as in “whom”?

challenge every word these fools utter–deconstruct them rhetorically and tie them in knots, force the issue and restate the case. If there is a reason, and a logical reason, why this is necessary, let’s go for it bub. If you can’t do that, then pack it up.

ted c on February 14, 2012 at 10:42 AM

Globalize, globalize, globalize.

The more we can globalize all decision making, the more we can weaken the Great Satan, bringing that nutty, capitalist, individual liberty obsessed historical anomaly to its knees.

fadetogray on February 14, 2012 at 10:43 AM

It’s a conspiracy of the UN! BOOGA BOOGA!

I think you need to think a little less literal with the word “global”, Ed.

RanchTooth on February 14, 2012 at 10:42 AM

You aren’t very bright.

tom daschle concerned on February 14, 2012 at 10:43 AM

BO and his band of douchelords can never have enough money to squander on their marxist programs. Sperling is a moron and he is one of BO’s primary economic advisors.

David in ATL on February 14, 2012 at 10:44 AM

Can we please get rid of the UN now? It sits on 17 acres of choice land in NYC. Eminent domain could make that a really nice park, sports complex or homeless shelter.

Fallon on February 14, 2012 at 10:45 AM

Okies seem to be prescient. Oklahoman’s amend their state constitution to reject Sharia and International Law being applied in Oklahoma state courts. It was overturned as unconstitutional. I really don’t see how, there is after all a 10th Amendment. Oklahoma did get the ball rolling. Bans on court use of sharia/international law: 33 bills in 20 states to start 2012; review of all efforts since 2010

The globalist are trying to go through our back door, because our Constitution has stopped them dead in their tracks trying to come in our front door.

Dr Evil on February 14, 2012 at 10:45 AM

Forget who administers it. Who would get the money? You think the UN wouldn’t pocket a hefty portion of that? I’ve never understood how liberals can believe in utopian ideas like this, AND believe that big government and big corporations are conspiring to harm people.

hawksruleva on February 14, 2012 at 10:46 AM

For all those on the other threads saying we might as well give up on this election, we’re doomed if Romney or Santorum is the candidate. This, this is the reason that we must throw all of our support behind whomever is the Republican candidate. This global socialist Obama must be defeated.

Trafalgar on February 14, 2012 at 10:47 AM

So is this the strategy with these Socialists? Much like the proposal that the government take over the management of 401(K)s that was floated a couple of years ago, do they get some low level apparachnik to propose these ideas, see what kind of response they get, and decide whether to step it up a notch or table the particular idea until the public is paying even less attention?

DaveDief on February 14, 2012 at 10:48 AM

It’s always been a marxist ideal. Workers of the world, unite. Not just a slogan, but a goal.

McCarthy’s real crime was in being crude. Communists had infiltrated the State Department. Eleanor Roosevelt’s secretary was a communist. But Joe was crude in combating it.

rbj on February 14, 2012 at 10:41 AM

Crude, as in having the audacity to expose the Democrat’s TREASONOUS and SUBVERSIVE actions. Though history has proven McCarthy 100 percent correct, the indoctrination into Marxism by the American entertainment industry and educational system ensures that the majority of American’s still believe the Marxist lies about McCarthy.

SWalker on February 14, 2012 at 10:49 AM

When will everyone just admit that all of these horses are out of the barn and we won’t get them back in? People in Asia are more willing to do the backbreaking, low-wage manufacturing work that Americans don’t want to do anymore and that honest liberals will admit we don’t want them to do. Zero-tax regimes for manufacturing or some kind of global minimum tax won’t translate into tons of jobs coming back here when America still has wage-and-hour laws, child labor laws, union work rules, worker safety laws, and environmental restrictions on disposal of manufacturing waste and byproducts. Most Americans support those laws and rules. Other countries don’t have them and don’t care.

rockmom on February 14, 2012 at 10:50 AM

Yes, and now that Obama has resurrected the What 40 Dollars means to you hashtag (#40Dollars), and video this will no doubt be well received!

bloggless on February 14, 2012 at 10:51 AM

Global Obama Tax?

Can you say Global Tea Party?

AttaBoyLuther on February 14, 2012 at 10:52 AM

Most idiotic idea evah!!! The truly sad part is that they actually believe this BS!

Bob in VA on February 14, 2012 at 10:53 AM

Obama is going to tax his brother in Kenya?

right2bright on February 14, 2012 at 10:54 AM

a global minimum tax on the global minimum wage …

maverick muse on February 14, 2012 at 10:58 AM

Obama is going to tax his brother in Kenya?

right2bright on February 14, 2012 at 10:54 AM

No, Barry wants to tax you so he can then re-distribute your money to his brother in Kenya (minus a hefty cut for all the thieves and corruptocrats in the U.N., of course).

You are his brother’s keeper, after all. Jesus said so (and you know what a devout Christian Barry is, right?).

AZCoyote on February 14, 2012 at 10:58 AM

bloggless on February 14, 2012 at 10:51 AM

yep, I’ve noticed that $40 thread popping up today as well.

DanMan on February 14, 2012 at 10:58 AM

Obama is going to tax his brother in Kenya?

right2bright on February 14, 2012 at 10:54 AM

No. There’ll be an “exemption” in the works, I’m sure.

coldwarrior on February 14, 2012 at 10:59 AM

GE has already filed for their waiver “as determined by the HHS, er I mean POTUS.”

Mr_Magoo on February 14, 2012 at 11:02 AM

I have always had a suspicion that Obama and his administration have no understanding of economics, let alone global economics.

This just reinforces that view.

I bet Obama got a “D” in economics at Columbia.

J_Crater on February 14, 2012 at 11:04 AM

There’s no lesson being missed here–this is exactly what Obrainwashed wants. Several someones indoctrinated this petulant overgrown child with hate for America and all it stands for and he’s so dangerously close to his goal of American destitution he can almost taste it–but let’s not let him.

I look forward to the day when we’re looking back on this dark time in our nation’s history and laughing at all the nitwitted, gimmicky ideas of this “Edsel” administration that went the way of the Dodo bird. And that will be sometime between 266 (election day) and 341 (inauguration day) days from today.

stukinIL4now on February 14, 2012 at 11:08 AM

I am wondering when I will finally wake up and figure out this has all been just a dream.

Rohall1215 on February 14, 2012 at 11:08 AM

They want to make every country pay some sort of tax? To whom exactly will the taxes go?

All I can say is, good luck with that.

OperaNerd1986 on February 14, 2012 at 11:08 AM

As long as you’re going to let communists live in your town, preach their deceitful B.S. to your historically ignorant masses, and VOTE in your elections, you’re going to have some issues. This is the primary reason that generations of our forefathers – and much better men evidently for managing to have not lost the country on their watch – opted for arresting and executing, or alternatively simply shooting them where they stood. Maybe allowing them to run for office wasn’t such a bright idea. Oh sure. It looks like the ‘tolerant’ conservative position right up until they’re telling you to violate your conscience, taking your stuff, and marching you into a camp. Then? Not so much, no.

This place reeks of boiled frog.

Abiss on February 14, 2012 at 11:08 AM

Moody’s slashes ratings for six eurozone nations

Moody’s slashed the debt ratings of Italy, Spain and Portugal as well as Slovenia, Slovakia and Malta on Monday. France, Britain and Austria were warned that they were at increasing risk of downgrades due to the eurozone debt crisis.

J_Crater on February 14, 2012 at 11:11 AM

the president is looking for shared sacrifice.

REALLY!?!? Mr. $200/plate dinners in Hawaii, Vacays in Costa Del Sol and a wife who makes $50,000 shopping sprees at high-end lingerie shops wants to talk about shared sacrifice??

EasyEight on February 14, 2012 at 11:12 AM

We also need a benevolent leader here in the U.S., someone who can stay in office for years, decades if necessary, to steer the ship and get things done the correct way without the childish public mucking things up.

Bishop on February 14, 2012 at 10:29 AM

In light of this news, I think it’s time to surrender in Iraq, Libya, South Korea, and Afghanistan.

fossten on February 14, 2012 at 11:23 AM

EasyEight on February 14, 2012 at 11:12 AM

Very well put. Well spotted and, um, yeah. Hope he doesn’t choke on his Kobi beef.

And isn’t it amazing that he says, “People…like me…who have been so blessed, need to pay more.” Well, Mr. President, I applaud you and your ideals. Lead that charge, will you? Nothing stopping you. The IRS has NEVER returned a voluntary contribution. And yet, like ALL others of his ilk, he has NEVER paid more than the absolute minimum required.

PorchDawg on February 14, 2012 at 11:23 AM

♫ So comrades, come rally
And the last fight let us face
as El Presidente Downgrade unites the human race.♫

Usually the Left comes out with a National agenda of Socialism after an election, not before.

Do they think they’ve already won or something?

Is this to spur donations from overseas in Hopes of getting in on the gravy train?

Chip on February 14, 2012 at 11:23 AM

excellent idea!! what the world needs is more government, more bureaucracy, and higher taxes. surely that will improve economic development.

this administration is just one bad idea after another. they’re not trying to make america better. they really don’t care.

Will this tax be applicable on the moon?

JPeterman on February 14, 2012 at 10:31 AM

hmm maybe newt’s moon colony wasn’t such a silly idea…

oh wait. until obama decides to make a moon tax too. he’ll tax everything, there’s nowhere to escape!!

Sachiko on February 14, 2012 at 11:24 AM

24-hours a day, Obama and his administration gives us the finger.

Axion on February 14, 2012 at 11:27 AM

People in Asia are more willing to do the backbreaking, low-wage manufacturing work that Americans don’t want to do anymore and that honest liberals will admit we don’t want them to do. rockmom on February 14, 2012 at 10:50 AM

You forgot prison labor. We have accused China of using prison labor to undercut labor cost, and they have accused us in turn of the same behavior. There are Americans that still do back breaking labor for low wages.

THURSDAY JAN 26, 2012 11:02 AM
Did Warren Buffet-Owned Company’s Prison-Made Product Break U.S. Law?

Dr Evil on February 14, 2012 at 11:28 AM

This really comes as no surprise since Obama was all about this as a Senator.

http://www.aim.org/aim-column/obamas-global-tax-proposal-up-for-senate-vote/

Iron Butterfly on February 14, 2012 at 11:28 AM

The U.S. has 25% of the world’s prison population, but we have only 5% of the world’s population. I don’t see prison labor being covered by the media very often. Once in awhile there is a blip in the news about prisoners being used for phone banks for telemarketing.

Dr Evil on February 14, 2012 at 11:33 AM

Next great Obama administration idea: A ‘global minimum tax’

Since WWI, and throughout WWII and post WWII, to the present day (outrageously evident in TARP) America has contributed far, far and away more than any other country to the well being of the global enterprise. The idea of a “minimum tax” to Americans should be preposterous !

More to the point…the rest of the world should NOW be wholesale “forgiving” any and all debt to America ! Just as America has done for so many countries throughout the world for decades !!

Obama cronies and toadies are leftist commies.. promoting failure and disaster… :(

BigSven on February 14, 2012 at 11:34 AM

People in Asia are more willing to do the backbreaking, low-wage manufacturing work that Americans don’t want to do anymore

Labor Concentration Camps
vs.
Manufacturing American jobs

“jobs that Americans don’t want to do”

Rather, that elitists and those aspiring wannabe elitist of the “management entitlement” mentality won’t learn to accomplish, as if beneath dignity to effectively profitably produce high quality American made goods.

Admittedly, business requires profit margin to survive. However, the globalist corporate monopolies outsourcing America for largest profit margin ultimately forces out legitimate domestic competition which costs the strength of our nation’s economy and our own national security and defense. Ironic vicious cycle, monopolies suck.

A banker promotes the “Repo Men” as if the best interest of American taxpayers, dismissing as non-existent those very productive highly skilled American artisans and labor apprentices. Without the domestic foundation of real goods produced and manufactured, where is our domestic security from abroad, particularly as the globalist military wars consume the world at large?

In order to effectively deny charges against America (The Ugly American) that depict our corporatist government as imperialist (the great satan), we can not be profiting from slave labor, particularly to the tune of destroying our own independent domestic labor in favor of foreign slave labor. This isn’t a technological problem, as if manufacturing requires the advancement of prison labor in order to be economically viable.

maverick muse on February 14, 2012 at 11:40 AM

If you showed this administration the goose that lays golden eggs, they’d ask congress to approve leeches.

jdfister on February 14, 2012 at 11:54 AM

Nothing ticks me off more than this Obamaturism, “Shared Sacrifice”. It is only ‘shared’ when everyone is sacrificing. As it is, close to 50% of Americans are sacrificing anything. Close to 50% of Americans pay no federal income taxes.

PorchDawg on February 14, 2012 at 10:42 AM

Oh but they are sharing….Sharing in the redistributed income from productive taxpayers. Their sacrifice is having to file an income tax form for their share of earned income credits (nothing is “earned” about this handout, so at least they could do is called Unearned Income Credit).

Robert Jensen on February 14, 2012 at 11:57 AM

Neoconservative “MOST Favored Nation” US empowerment of Red China at American consumers’ expense, being promised a better national economy.

How are those Chinese mfg. goods holding up for you as American consumers? They don’t cost less when they don’t function properly, break immediately requiring another purchase, and contain high toxins that poison those consumers who come into contact, requiring medical treatment for physical survival of human infants and pets.

Certainly, the globalist banking corporations that invest in Chinese or Indo-Chinese manufacturing are profiting with windfall “earnings” via corrupt production.

The worst part is that the globalist investors are not simply betting against America. They are invested in the downfall of America. They abscond with US taxpayer funds forcing us to walk the plank in order to advance “profit” that excludes equitable recompense for those who labor.

It’s one thing to fight the corruption of unionized labor. Quite another to kill labor.

maverick muse on February 14, 2012 at 12:01 PM

we need a global minimum tax

Not a snow ball’s chance in hell!

petefrt on February 14, 2012 at 12:10 PM

“Allahpundit e-mails me to suggest that the administration wants to impose a “global minimum tax” on US companies unilaterally to increase tax revenues on offshore operations….”

Don’t these idiots know if they do this, Apple, Microsoft, Exxon-Mobil will simply move out of the USA to Canada or the Cayman Islands? Then the US will get no corporate profits tax, except on US only operations.

Corky Boyd on February 14, 2012 at 12:13 PM

when are they going to start charging us for breathing air? effing marxists

burserker on February 14, 2012 at 12:16 PM

Shared sacrifice/fair share my tokus. Taxes increase and people get more and more taken from them while spending still increases and people get more and more given to them. That’s only hurting the people supplying more revenue. The people benefitting from the spending aren’t asked to sacrifice one iota.

drewwerd on February 14, 2012 at 12:24 PM

Can we please get rid of the UN now? It sits on 17 acres of choice land in NYC. Eminent domain could make that a really nice park, sports complex or homeless shelter.

Fallon on February 14, 2012 at 10:45 AM

Or a Walmart Supercenter.

petefrt on February 14, 2012 at 12:36 PM

Got to hand it to Democrats. There’s never a tax they won’t pass. Hardly surprising, since Democrats have an excellent track record of NOT paying taxes. Just ask the Kennedys, Charlie Rangel and John Kerry.

GarandFan on February 14, 2012 at 12:37 PM

In business it’s called price fixing and it’s illegal.

Ortzinator on February 14, 2012 at 12:48 PM

Worldwide socialist progressivism, that’s the ticket to utopia! Yes! Blue helmets marching across the land demanding ‘their’ taxes!

Think of all the target shooting opportunities!

Wolfmoon on February 14, 2012 at 12:55 PM

This makes total sense given the history of communism. The communist goal has always been conversion of the entire world – because “the true communist utopia” cannot be attained until the whole world is under that single system. Since the fight of the McCarthy’s “red scare / red menace”, and the collapse of the USSR, they could no longer attain it by direct election of avowed communists or military force, so they’ve turned to more subtle methods – indoctrination of our kids, destruction of the capitalist free market, union control, government abolishment of our Constitutional rights (with hoaxes such as AGW), and broader emplowerment of the UN. Nothing surprising in this.

dentarthurdent on February 14, 2012 at 12:55 PM

Not in gory detail? That’s strange, if it’s such a wonderful policy, why wouldn’t they want to talk about it as much as possible?

Mr. Prodigy on February 14, 2012 at 1:28 PM

This is a great plan.

We force a “minimum tax” then we see a country that doesn’t charge it’s citizenry enough in taxes and regulations and control.

So we invade them to force more government control on the population.

The war against freedom… I’m so glad that the Obama Administration has decoded this is the side we should fight on….

gekkobear on February 14, 2012 at 1:39 PM

Perhaps it never was a paranoid right-wing nutjob conspiracy theory, perhaps Senator Joseph McCarthy really was right all those years ago.

SWalker on February 14, 2012 at 10:32 AM

Of course he was right, as was his right-hand man, Robert F. Kennedy. The House committee was right as well.

slickwillie2001 on February 14, 2012 at 2:00 PM

Just a matter of time before we have a tax on taxes…
http://thewashingtonfancy.com/2011/10/24/new-tax-on-taxes-found-in-obamacare-bill/3348

Washington Fancy on February 14, 2012 at 10:35 AM

In Michigan we have that already. The State places the Federal Tax on gasoline, then that total gets taxed 6% sales tax. Hence they tax the tax. Nice scam.

Conservative4Ever on February 14, 2012 at 2:02 PM

Our country is going to be a long time getting over this demagogue.

zoyclem on February 14, 2012 at 2:51 PM

Among other things, this is an attack on Romney.

AnotherOpinion on February 14, 2012 at 4:23 PM

Our country is going to be a long time getting over this demagogue.

zoyclem on February 14, 2012 at 2:51 PM

Assuming the Republican nominee beats Obama in November, it’ll be another tactic the Democrats will use to make false allegations of Republican racism. And Deval Patrick will be ready to run in 2016 using the same tactics Obama used.

Jurisprudence on February 14, 2012 at 4:46 PM

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