Look for U.S. based multinationals to be shuttering their doors and moving overseas ... and thousands of jobs with them.
Here's a sneak preview of what they're having for Thanksgiving dinner this year at the White House ..
Punishing U.S. multinationals will simply encourage U.S. companies to shrink by selling foreign operations to foreign companies.
Didn’t Halliburton recently move their HQ to Dubai?
“impose a $31.5 billion tax increase, over a 10-year period, on oil companies’
And gas prices? Will the increase be blamed on the messiah?
Of course not. The obozo leg humpers in the media will blame the greedy oil companies.
Obama wants to run every last job out of the country.
Karl Marx would call that a good thing.
This dude really is as crazy as I thought he was.
Yep! And just watch the percentage decrease of U.S. multinationals in the USA as they headquarter overseas.
Does anyone realize how bad all these proposals are, like taxing oil companies in a recession and when he claims he wants “energy independence”? This is a massive joke - on us.
just another roadblock to recovery.
Which will cause job losses in the countries where those companies have operations.
So let's not just destroy our own economy. Let's destroy the economies of other countries.
Trivia Question: Where will the next Pearl Harbor take place? How many megatons? Which country or country will drop the bombs?
Obama has always dreamt of being him.
He is pushing every communist program he can to turn the US into what his father would have approved of.
“President Barack Obama has proposed a dramatic tax increase on the foreign profits of U.S. multinationals,”....
The sinking of America brought to you by the three ring circus in the white house!
Bottom 50% of tax payers (138 million total based on 2007) is about 70 million taxpayers. The bottom 50% is defined as 30,000 or less so lets assume the average income is $25,000.
The bottom 50% pay only 3.3%. Lets assume we change the AMT so that all Americans must pay 8% (a 4.7% increase for the bottom 50%).
So lets do the math
70 million * 4.7 percent * $25,000 = $82.25 Billion
The per person tax increase would be about $22.60 per week
Normally, I oppose tax increases across the board. But I see such a move as normalizing the gross tax imbalance that is such a clear violation of the 14th Amendment. Hopefully, we could get to either the Flat or the Fair Tax.
Normally, I oppose tax increases. However,
...by creating incentives for companies to move completely overseas.
These people are totally out of their minds with STUPID.
They chose the form of the Destructor, alright.
Obama isn’t any wimpy Stay-Puft Marshmallow Man. When he sets out to destroy an economy he means it.
Look for U.S. based multinationals to be shuttering their doors and moving overseas ... and thousands of jobs with them.
Here's a sneak preview of what they're having for Thanksgiving dinner this year at the White House ..
Or by moving overseas and leaving a separate entity here that is an arm of a foreign corporation.
Yes, and not only that, it will greatly increase the trade deficit again. Prices for goods we no longer make here will be sold back to us at much higher costs.
We will lose countless more jobs also, because outsourcing will go to the lowest bidder and higher fees will be charged for those services to American companies forced to use them, due to the increased taxes for those services.
