Corporate Welfare Spigot About To Be Opened Further While You Pay Your Taxes

8 Apr

Lean Left

We all like the word compromise when it comes to legislation.  Anytime a bill is introduced, the member sponsoring the bill loves to talk about how this bill has bipartisan support.  In theory, that is a good thing, right?  Well, not always.  Sometimes this bipartisan support is something that actually hurts Americans or, at the very least, rewards corporations for cheating in the first place.

There is just one bill that is making its way through the Congress right now.  That bill would offer a “Tax Holiday” to corporations who have been hiding money offshore so they don’t have to pay any taxes on it.  This is not the first time such a “Tax Holiday” has been introduced or passed either.

In 2004 a similar “Tax Holiday” was offered to corporations who have cheated on their taxes.  Amazingly, it was called “The American Job Creation Act.”  As with most “job creation” bills it…

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