This is why I believe little will change in DC

[funeralcrasher]

By no fault of the Prez elect, this shit is just too hard to stop.

The Government Accountability Office (GAO), Congress' investigative watchdog, has found that "a majority of America's largest publicly traded companies and the U.S. government's largest federal contractors use multiple subsidiaries in offshore tax havens to conduct business and avoid paying U.S. taxes," writes Carol D. Leonnig for The Washington Post.

The culprits include some corporate giants who are receiving countless millions in bailout money

Full story here: http://rawstory.com/news/2008/Offshore_tax_havens_of_US_corporate_0116.html

I'm sure the conservatives and libertarians and fair taxers in the crowd will say there is absolutely nothing wrong with this situation, other than the companies being taxed at all.

Fuckin' joke.

Comments

[aquaknot.livejournal.com]

Preachin' to the choir. It's Congress and the bureaucrats who are ultimately responsible for vainly overextending their tax reach, and for being tricked into putting our dollars in the hands of the people who lost it in the first place.

I used to think that those of us who saw this mess coming, who saved and were frugal were the smart ones. Now I'm seeing that it's Congressional favor that we should have been investing in.