In this week’s address, president Obama called on congress to close the tax loophole that allow some American companies to adopt the leaching mentality. The leachers sell their products to the American people, collect huge amounts in profit, but avoid paying taxes on their income by claiming overseas tax status. Walgreens, the company that calls itself “the pharmacy… Continue reading President’s Weekly Address – Ending Tax Loopholes For Tax Evaders Like Walgreens
Tag: loopholes
This Is One Corporate Tax Cut Republicans Will Oppose
Congressional Republicans have been calling for less taxes on Corporations. Doing this they claim, would stimulate more hirings, thus more jobs. Well the President has listened to their calls and today, the administration announced a plan to reduce the Corporate tax rate from 35% to 28%. “Obama’s plan would be part of a larger effort… Continue reading This Is One Corporate Tax Cut Republicans Will Oppose