Biden: Hey, how about a global minimum tax? Update: Romney attacks

posted at 4:50 pm on March 30, 2012 by Allahpundit

Drudge is having fun with this but I think there’s less to it than meets the eye. Is Crazy Joe really calling for some sort of new global tax authority right before a presidential election, knowing that the GOP can exploit that in its campaign messaging in a thousand different ways? He is kind of a moron, but he’s not that much of a moron. Remember, the “global minimum tax” has come up before: Last month Gene Sperling, the director of O’s National Economic Council, mentioned it and it sent a shiver through the righty blogosphere then, too. But they’re not talking about creating some sort of new tax agency here. They’re talking about tweaking the U.S. tax code so that American companies have less incentive to outsource. Said a White House official of Sperling’s remarks at the time, “He was referring to our proposal in the Blueprint for an America Built to Last that removes tax incentives for companies that ship jobs overseas.” Here’s the relevant section from the White House fact sheet:

At the same time as the President is calling for immediate enactment of this plan, he is also pushing forward on a framework for corporate tax reform that would encourage even greater investment in the United States, while eliminating tax advantages for outsourcing. This framework will include:

o Making companies pay a minimum tax for profits and jobs overseas and investing the savings in cutting taxes here at home, especially for manufacturing: The President is proposing to eliminate tax incentives to ship jobs offshore by ensuring that all American companies pay a minimum tax on their overseas profits, preventing other countries from attracting American business through unusually low tax rates. The savings would be invested in cutting taxes here at home, especially for manufacturing.

There’s no foreign agency involved. It’s just a new tool for the IRS to reach an American company’s profits no matter where in the world they might be invested. In theory, that’ll eliminate the competitive advantage other nations have over the U.S. by undercutting our corporate tax rates. In practice, it could lead to more American corporations being sold to foreign investors: Because the U.S. only taxes the profits of U.S. companies, one way to dodge the new “global minimum tax” would be to invite a takeover by a foreign company. Which, depending upon how high the new minimum tax is and how many companies flee, could mean less overall tax revenue than before. But then, what’s another $100 billion in the hole when you’re already running deficits in the trillions? Click the image to watch.

Update: Romney unloads:

“Raising taxes on American job creators is apparently not enough to satisfy President’s Obama’s trillion-dollar spending addiction. Instead of promoting pro-growth tax policies that provide businesses with the economic freedom to grow and prosper, he is backing a ‘global tax’ that would harm American competitiveness,” Romney said in a statement released by the campaign. “My plan to reform the tax code by cutting rates and encouraging reinvestment here in America is the right way to jumpstart an economic recovery and create new American jobs.”

He’s betting that tax cuts, by attracting more business, would actually end up raising more revenue for Treasury than the “global minimum tax” would. Belated exit question: How bad does the White House have to be at “branding” to have approved a term like “global minimum tax”? Good lord. Hire a professional, guys.


Related Posts:

Breaking on Hot Air

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

Comment pages: 1 2

You can try to politicize the deficit but the truth is the debt and deficit are not a partisan issue.

When the bill finally comes due everybody is plucked.

WeekendAtBernankes on March 30, 2012 at 5:45 PM

How a bout you work on that hairline of yours bud, again. As far as the talent the White House has in house for coming up with ideas. WTF is the BFD to name two.

Bmore on March 30, 2012 at 5:48 PM

ok so quit pretending you people care so much about the deficit, because clearly you have no problem adding to it.
huge tax cuts over the past decade combined with doubling military spending and we have a deficit? how did that happen! damn commie obama!
DBear on March 30, 2012 at 5:35 PM

I want my government to stop spending and looting people to pay for your pathetic welfare programs and enviroscams.

The money I work for I EARNED! I didn’t spend the tax payers money and I don’t accept any assistance from the state unlike you freeloaders. You operate under the assumption that the money we earn doesn’t belong to us to begin with. WRONG! Move to Russia or Cuba were you can get your “freebies” paid for off the backs of the working class. To the extent that there is a working class left.

jawkneemusic on March 30, 2012 at 5:52 PM

Good lord. Hire a professional, guys.

When the only “real” job the POTUS himself ever had was “community organizer” the bar for “professional” is pretty low.

Dark Star on March 30, 2012 at 5:56 PM

i love when I have your undivided attention!

DBear on March 30, 2012 at 5:38 PM

I love delusional lefties.

Schadenfreude on March 30, 2012 at 5:57 PM

I love delusional lefties.

Schadenfreude on March 30, 2012 at 5:57 PM

You would have too if you heart the poor little bear. : )

Bmore on March 30, 2012 at 5:58 PM

Oh NO!

Romney attacks Obama some more.

http://www.c-span.org/Events/Rep-Ryan-R-WI-Campaigns-With-Mitt-Romney/10737429506-1/

Gunlock Bill on March 30, 2012 at 5:59 PM

We want to create (what’s called) a global minimum tax, because American taxpayers shouldn’t be providing a larger subsidy for investing abroad than investing at home,” Biden said at a campaign event

I see he dragged out the ubiquitous “subsidy” so that he can avoid saying that other countries let US businesses abroad keep more of their money than US government does at home.

GeorgiaBuckeye on March 30, 2012 at 6:00 PM

yup until the economy crashed on January 20, 2009, oh wait, oops…

DBear on March 30, 2012 at 5:01 PM

You’re honestly blaming Bush for the crash? Really?

It’s quite easy to blame Obama’s foot to the throat of the economy with his anti-growth policies like ObamaCare

Chuck Schick on March 30, 2012 at 6:03 PM

This just in, Romney now supports the “global tax”.

This country will the laughing stock of the world if this two face idiot gets elected. Good thing Americans aren’t stupid enough to take such a risk.Pheww

Uppereastside on March 30, 2012 at 5:08 PM

English isn’t your thing, is it?

Chuck Schick on March 30, 2012 at 6:04 PM

So, the U.S. wants to increase corporate taxes when other are lowering them. Japan will lower theirs on Sunday.

Smart people would pitchfork their leaders, alas.

Schadenfreude on March 30, 2012 at 6:07 PM

I want my government to stop spending and looting people to pay for your pathetic welfare programs and enviroscams.

The money I work for I EARNED! I didn’t spend the tax payers money and I don’t accept any assistance from the state unlike you freeloaders. You operate under the assumption that the money we earn doesn’t belong to us to begin with. WRONG! Move to Russia or Cuba were you can get your “freebies” paid for off the backs of the working class. To the extent that there is a working class left.

jawkneemusic on March 30, 2012 at 5:52 PM

listen you greedy horrible person you wouldn’t EARN money if you didn’t drive on the roads the government provides, use the internet the government helped create, enjoy the protection of the police and our military, get educated by public school teachers, eat the food that the government deems safe and breathe the air that the government has to keep clean! and why do you guys have no problem with CORPORATE welfare in the forms of big tax subsidies to big oil? with farm subsidies? with the welfare given to defense contractors? why do you only hate it when the government helps the POOR!? because all people are poor by choice right? it’s not because the system is rigged by the rich, right? it’s not because the rich have corrupted our political system by buying off politicians to give them back more of their money, right? it’s because they are poor and lazy, right? and don’t get me started on those damn seniors for getting old! why are they taxing on our system by still being alive? let the lord provide for them and gimme back my money evil gubmint!

DBear on March 30, 2012 at 6:22 PM

Kinda off topic.
Federal judge allows automatic withdrawal of public union dues in WI.

a capella on March 30, 2012 at 6:22 PM

You’re honestly blaming Bush for the crash? Really?

Chuck Schick on March 30, 2012 at 6:03 PM

no, I am going to blame Obama for something that happened before he took office. makes perfect sense

DBear on March 30, 2012 at 6:23 PM

THe D-list trolls fluffing their tyrannical homosexual president…

tom daschle concerned on March 30, 2012 at 6:26 PM

he finally took a break from race-baiting?

DBear on March 30, 2012 at 4:54 PM

At least he took a break however you are still full steam ahead on selling our progeny into penury slavery.

chemman on March 30, 2012 at 6:34 PM

THe D-list trolls fluffing their tyrannical homosexual president…

tom daschle concerned on March 30, 2012 at 6:26 PM

One could hope there might be modest signs of improvement. Nope.

Bmore on March 30, 2012 at 6:37 PM

DBear on March 30, 2012 at 6:22 PM

You are talking about tax breaks all companies receive. How about we end all tax breaks to any business but we no longer tax them since business taxes really are paid by you, me and the poor you claim to care so much about. Deal.

chemman on March 30, 2012 at 6:39 PM

One could hope there might be modest signs of improvement. Nope.

Bmore on March 30, 2012 at 6:37 PM

I never will understand how the thread subject is never defended. It’s always deflect, deflect, deflect, project, lie, and impugn.

Biden goes out and says we need a global minimum tax, which is utterly indefensible, unconstitutional, and would exacerbate already unstable international relations.

tom daschle concerned on March 30, 2012 at 6:41 PM

The smartest guys in the room.

OkieDoc on March 30, 2012 at 7:06 PM

tom daschle concerned on March 30, 2012 at 6:41 PM

It is the lefts way.

Bmore on March 30, 2012 at 7:12 PM

Mitt has essentially called for the same thing.

Presidential politics…..like “Groundhog Day”.

PappyD61 on March 30, 2012 at 7:13 PM

Kinda off topic.
Federal judge allows automatic withdrawal of public union dues in WI.

a capella on March 30, 2012 at 6:22 PM

I’d love to know the “reasoning” behind this decision. Is it enshrined in the state’s constitution?

Buy Danish on March 30, 2012 at 7:16 PM

no, I am going to blame Obama for something that happened before he took office. makes perfect sense

DBear on March 30, 2012 at 6:23 PM

So who do you blame for it sucking now?

Chuck Schick on March 30, 2012 at 7:33 PM

How about if we just reduce the corporate and income tax rates across the board, and get rid of unions, and we wouldn’t have to worry about companies moving overseas – our companies would keep jobs here and foreign companies would all want to come here.
I know – just too obvious and simple for a libtardDem.

dentarthurdent on March 30, 2012 at 7:49 PM

Stand back, folks. I feel like nuking an Obama puppet.

and why do you guys have no problem with CORPORATE welfare in the forms of big tax subsidies to big oil? with farm subsidies? with the welfare given to defense contractors? why do you only hate it when the government helps the POOR!? because all people are poor by choice right?

DBear on March 30, 2012 at 6:22 PM

Let us pull out a few examples of “the poor” who the government is “helping”.

San Francisco has paid at least $150,000 for Kenny Walters in the past year. He isn’t employed, has an arrest record as long as his hair, and can often be found passed out in a doorway on Haight Street.

Kenny Walters’ job is to get drunk.

He’s certainly not alone. “Chronic inebriants” are a grim and disturbing fact of life in San Francisco. They also cost the city millions.

The frustration is that the public service network – police, fire and medical professionals – doesn’t seem to make a dent when it comes to people like Walters. There are suggestions, like a pilot program for high-impact users at the Department of Public Health, or the Community Justice Center to target frequent users, but nothing seems to get traction.

A five-year study found that 225 high ambulance users cost the city an average of $13 million annually, said Maria X. Martinez, a deputy director at the Department of Public Health.

And:

Stanley Thornton Jr., 30, is a self-described “adult baby,” who sleeps in a huge crib, drinks from a bottle, wears diapers, lives with a former nurse who acts as his “mom”… and subsists on Social Security disability benefits.

Now let’s contrast.

Oil companies, defense contractors, and farmers produce trillions of dollars in useable products, pay billions of dollars in taxes annually, and employ millions of people, who also pay billions of dollars in taxes annually.

These “poor” produce nothing but vomit, urine, dirty diapers, and wasted time for emergency personnel, pay no taxes, and employ no one.

You’re damn skippy I have no problem with the government favoring the former over the latter.

And furthermore, for all your ranting about “the poor”, you and yours spend the taxpayers’ money that you extort, not on the poor, but on private jets stocked with gourmet food and top-shelf liquor so that insider-trading multimillionaires can fly around the world for free.

So flatly put, you’re a liar, a cheat, and a moocher who doesn’t give a damn about “the poor” and is just trying to steal from those who actually do work and are productive.

Now go run away, child. Your lies and your mooching are exposed.

northdallasthirty on March 30, 2012 at 7:52 PM

DBear on March 30, 2012 at 6:22 PM

NONE of the crap you listed would exist at all if wasn’t for the people who work for a living, create and run companies, and then pay the taxes that pay for it all.
You’re having a bad case of chicken vs egg delusion and you seem to have some sort of view that we live in a monarchy (King Barack per chance) where all we have is a gift from the all powerful government.
I suggest you go read the Declaration of Independence and the Constitution and try to figure out what kind of country we’re supposed to be in.

dentarthurdent on March 30, 2012 at 7:55 PM

Ha! If DBear cared about “the poor” he wouldn’t be on the side of a heartless president who doesn’t give a flip about high gas prices, food prices, energy prices, job losses, and so forth.

Buy Danish on March 30, 2012 at 8:03 PM

Riddle me this, libtards: how exactly would a glo-bull minimum tax function outside of First- and Second-world nations? And how do you propose to collect it outside of same?

MelonCollie on March 30, 2012 at 8:04 PM

He is kind of a moron, but he’s not that much of a moron

Allah, give the man credit. He’s been in Government service for over 30 years, and his *biggest* claim to fame during that time was to throw Billions of dollars into that first class rail system we call Amtrak.

Yes, he *is* that much of a moron…and the only ones more moronic are the people that kept sending his ass back to DC…unless you count the people that thought he should be President…

BlaxPac on March 30, 2012 at 8:07 PM

listen you greedy horrible person you wouldn’t EARN money if you didn’t drive on the roads the government provides

Hey clown shoes who exactly does the government get the money from to “provide” all this stuff you speak of? It’s not like they earn it themselves.

bbinfl on March 30, 2012 at 8:15 PM

Oil companies, defense contractors, and farmers produce trillions of dollars in useable products, pay billions of dollars in taxes annually, and employ millions of people, who also pay billions of dollars in taxes annually.

god you are such a corporate stooge, bought and paid for by conservative think tanks that fund the idiot radio hosts you worship. how they get the “hard working amurricans” to support their plutocracy is pure genius, I have to hand it to them.

btw I used to work for the IRS and I have never seen a farmer who made a profit. they write off EVERYTHING as a loss! crops that never existed that can never be proved to have ever existed are written off as a loss. they are fleecing you and you support them sucking at the government teat! meanwhile they lure those illegal immigrants you guys love so much! so by all means yes let’s continue to subsidize those “job creators” at the expense of the deficit!

These “poor” produce nothing but vomit, urine, dirty diapers, and wasted time for emergency personnel, pay no taxes, and employ no one.

northdallasthirty on March 30, 2012 at 7:52 PM

cherry picking a few nut cases to justify your greed, just more proof you are all terrible selfish people. what would jesus say? as Jon Stewart said last night why is the party of creationists so darwinian? i guess jesus came and rode dinosaurs and preached to help the poor for naught!

DBear on March 30, 2012 at 8:16 PM

Ha! If DBear cared about “the poor” he wouldn’t be on the side of a heartless president who doesn’t give a flip about high gas prices, food prices, energy prices, job losses, and so forth.

Buy Danish on March 30, 2012 at 8:03 PM

Republicans care about job losses haha yeah says the party that is about to nominate Mormon Gekko! watch “the king of bain” and get back to me

DBear on March 30, 2012 at 8:20 PM

DBear on March 30, 2012 at 8:20 PM

How do you reconcile all the BS you spew with the fact that your hero Obastard wallows in more money from all types of corporations and nasty rich people than the repub candidates. I love how you leftish jackasses act like there is no money on the left at all. What a pathetic hypocrite.

You worked for the IRS? What happen they catch you embezzling taxpayer monies?

bbinfl on March 30, 2012 at 8:32 PM

Republicans care about job losses haha yeah says the party that is about to nominate Mormon Gekko!

Of course we do. As a white/blue collar Republican I damn well care about job losses since I’ve been jobless since President “8-15% unemployment” Obama came into office.

And yes, I *can* hold him responsible, since your party not more than 4 years prior tried to pin the same rate on President “3-5% unemployment” Bush.

watch “the king of bain” and get back to me
DBear on March 30, 2012 at 8:20 PM

Right after I finish circumventing the FEC rules for accepting overseas campaign contributions, host $10 -50k a plate fundraisers and travel on not ONE but TWO USAF jets for my vacations, while fuel prices climb towards levels that outstrip the 1970 OPEC crisis.

Yes, we are talking about President Obama. Just in case you weren’t sure.

BlaxPac on March 30, 2012 at 8:33 PM

Of course we do. As a white/blue collar Republican I damn well care about job losses since 2010. I’ve been jobless since President “8-15% unemployment” Obama came into office and passed his asinine pet projects.

I have no idea how i left that off. My bad. :o)

BlaxPac on March 30, 2012 at 8:40 PM

watch “the king of bain” and get back to me
DBear on March 30, 2012 at 8:20 PM

I would rather watch king of queens. But you know what isn’t fun to watch? Our deficit.

Rusty Allen on March 30, 2012 at 8:43 PM

cherry picking a few nut cases to justify your greed, just more proof you are all terrible selfish people. what would jesus say?

DBear on March 30, 2012 at 8:16 PM

Let’s check.

Again, the Kingdom of Heaven can be illustrated by the story of a man going on a long trip. He called together his servants and entrusted his money to them while he was gone. He gave five bags of silver to one, two bags of silver to another, and one bag of silver to the last—dividing it in proportion to their abilities. He then left on his trip.

“The servant who received the five bags of silver began to invest the money and earned five more. The servant with two bags of silver also went to work and earned two more. But the servant who received the one bag of silver dug a hole in the ground and hid the master’s money.

“After a long time their master returned from his trip and called them to give an account of how they had used his money. The servant to whom he had entrusted the five bags of silver came forward with five more and said, ‘Master, you gave me five bags of silver to invest, and I have earned five more.’

“The master was full of praise. ‘Well done, my good and faithful servant. You have been faithful in handling this small amount, so now I will give you many more responsibilities. Let’s celebrate together!’

“The servant who had received the two bags of silver came forward and said, ‘Master, you gave me two bags of silver to invest, and I have earned two more.’

“The master said, ‘Well done, my good and faithful servant. You have been faithful in handling this small amount, so now I will give you many more responsibilities. Let’s celebrate together!’

“Then the servant with the one bag of silver came and said, ‘Master, I knew you were a harsh man, harvesting crops you didn’t plant and gathering crops you didn’t cultivate. I was afraid I would lose your money, so I hid it in the earth. Look, here is your money back.’

“But the master replied, ‘You wicked and lazy servant! If you knew I harvested crops I didn’t plant and gathered crops I didn’t cultivate, why didn’t you deposit my money in the bank? At least I could have gotten some interest on it.’

“Then he ordered, ‘Take the money from this servant, and give it to the one with the ten bags of silver. To those who use well what they are given, even more will be given, and they will have an abundance. But from those who do nothing, even what little they have will be taken away.

Matthew 25:14 – 29

Isn’t that interesting? Jesus was against lazy moochers like you and in favor of their wealth being taken from them and given to those who actually work.

Never read the Bible, have you, moocher DBear?

northdallasthirty on March 30, 2012 at 8:46 PM

btw I used to work for the IRS and I have never seen a farmer who made a profit. they write off EVERYTHING as a loss! crops that never existed that can never be proved to have ever existed are written off as a loss. they are fleecing you and you support them sucking at the government teat!

DBear on March 30, 2012 at 8:16 PM

You scream and whine a lot, but what are you and your fellow Obama voters doing, pray tell?

San Francisco has paid at least $150,000 for Kenny Walters in the past year. He isn’t employed, has an arrest record as long as his hair, and can often be found passed out in a doorway on Haight Street.

Kenny Walters’ job is to get drunk.

He’s certainly not alone. “Chronic inebriants” are a grim and disturbing fact of life in San Francisco. They also cost the city millions.

The frustration is that the public service network – police, fire and medical professionals – doesn’t seem to make a dent when it comes to people like Walters. There are suggestions, like a pilot program for high-impact users at the Department of Public Health, or the Community Justice Center to target frequent users, but nothing seems to get traction.

A five-year study found that 225 high ambulance users cost the city an average of $13 million annually, said Maria X. Martinez, a deputy director at the Department of Public Health.

And:

Stanley Thornton Jr., 30, is a self-described “adult baby,” who sleeps in a huge crib, drinks from a bottle, wears diapers, lives with a former nurse who acts as his “mom”… and subsists on Social Security disability benefits.

Shows what a repulsive and disgusting liar and mooch you are, smearing all farmers while supporting drunks and perverts and demanding that they be given hundreds of thousands of dollars a year.

northdallasthirty on March 30, 2012 at 8:49 PM

Majority of Americans don’t even know the Vice-President is.

How is this suppose to hurt Obama?

liberal4life on March 30, 2012 at 4:53 PM

How completely sick do you have to be to sit in Mama’s basement masturbating to the thought that “maybe the people don’t know so it can’t hurt Obama.”

Wow.

Bulletchaser on March 30, 2012 at 8:51 PM

My family has farmed for 100 years. Those comments are pathetic.

Rusty Allen on March 30, 2012 at 8:53 PM

My family has farmed for 100 years. Those comments are pathetic.

Rusty Allen on March 30, 2012 at 8:53 PM

That oversized sack of stupid ought to see how hard it is for a family farm to even SURVIVE, which would go a long way to explaining the tax writeoffs.

It’s absolute murder trying to compete with agribusinesses who can not only beat you in sheer volume, but can save $$$ on labor costs by hiring Mexican peasants and paying them a pittance in cash.

MelonCollie on March 30, 2012 at 9:00 PM

So, instead of coming up with a competitive tax rate so companies won’t feel compelled to outsource, they just try to figure out how to tax them anyway at the higher rate.

Talk about imbeciles.

ButterflyDragon on March 30, 2012 at 9:05 PM

That oversized sack of stupid ought to see how hard it is for a family farm to even SURVIVE, which would go a long way to explaining the tax writeoffs.

It’s absolute murder trying to compete with agribusinesses who can not only beat you in sheer volume, but can save $$$ on labor costs by hiring Mexican peasants and paying them a pittance in cash.

MelonCollie on March 30, 2012 at 9:00 PM

why do you hate the free market?

DBear on March 30, 2012 at 9:20 PM

Never read the Bible, have you, moocher DBear?

northdallasthirty on March 30, 2012 at 8:46 PM

I am not a fan of fairy tales

DBear on March 30, 2012 at 9:21 PM

I am not a fan of fairy tales

DBear on March 30, 2012 at 9:21 PM

And truth is anathema to you.

tom daschle concerned on March 30, 2012 at 9:24 PM

Republicans care about job losses haha yeah says the party that is about to nominate Mormon Gekko! watch “the king of bain” and get back to me
DBear on March 30, 2012 at 8:20 PM

That’s not at all responsive to my comment. What has Obama done to help “the poor” by pursuing policies which keep energy and food prices low?

Oh well, it’s amusing to see you relying on a debunked propaganda film picked up by Newt’s PAC. You do realize the interviews with people who were allegedly talking about Romney weren’t talking about Romney, and they were tricked, right? You didn’t know that? What a surprise.

Oh, and nice try with the “Mormon” line. Should we go back to talking about Jeremiah Wright and his BFF, Louis Farrakhan? Personally, I’d prefer we move on, but if you insist, there are plenty of people willing to take you and your miserable Useful Idiots on.

Buy Danish on March 30, 2012 at 9:37 PM

I am not a fan of fairy tales

DBear on March 30, 2012 at 9:21 PM

Except when Obama’s Ministry of Truth tells them.

MelonCollie on March 30, 2012 at 9:42 PM

btw I used to work for the IRS and I have never seen a farmer who made a profit. they write off EVERYTHING as a loss! crops that never existed that can never be proved to have ever existed are written off as a loss. they are fleecing you and you support them sucking at the government teat!

DBear on March 30, 2012 at 8:16 PM

That’s exactly where I would picture you working. There or TSA.

hoosierma on March 30, 2012 at 10:12 PM

DBear on March 30, 2012 at 8:16 PM

That’s hilariouis.

Most of those farmers are hard line Democrats in the first place.

You wanna get em all riled up.

Tell em that the U.S. Department of Agriculture distribution of between $10 billion and $30 billion in cash subsidies to farmers and owners of farmland each year is WELFARE FOR FARMERS.

Then get out of the way.

OkieDoc on March 30, 2012 at 10:31 PM

BuyDanish seems really feisty and knowledgeable. I would like to see someone like her as a guest or main blogger here. AP, please consider adding more regular main bloggers with different perspectives to the site.

bluegill on March 30, 2012 at 10:43 PM

If GMT is like the ObamneyCare penalty for not insuring, then it just a matter of time before the rest of companies finish outsourcing. GMT is bound to be cheaper than coping with stateside taxes, regulations and a hostile set of bureaucrats combined.

AH_C on March 30, 2012 at 11:03 PM

Belated exit question: How bad does the White House have to be at “branding” to have approved a term like “global minimum tax”? Good lord. Hire a professional, guys.

Why give them advice? They’re certainly not going to listen to you. After all, They’re smarter than you, and they know it.” After all,

Instead, the RNC & any libertarian worth their salt should be exploiting the liberal Democrat’s most glaring amazingly predictable weakness, hubris… All. Day. Long.

Danny on March 30, 2012 at 11:20 PM

It’s all a scam to get themselves more money and more power…everything they do. The GOP either goes along while pretending to be appalled, or have their own ideas for fleecing us that are occasionally at odds with those of the Communists.

Guess these clowns think they can either take it with them or are going to live forever.

Dr. ZhivBlago on March 31, 2012 at 1:43 AM

Whatever Biden said it was typically confusing.

It sounds like he wants some kind of Global tax. No journalist will dare ask him what he meant in case they commit…Journalism!

Fleuries on March 31, 2012 at 10:19 AM

Comment pages: 1 2