Skip to comments.Liz Warren Asks Imperial President to Mandate “Corporate Patriotism”
Posted on 08/06/2014 6:56:06 PM PDT by Kaslin
Not content with imposing the highest corporate tax structure in the free world, Democrat hacks in the legislature are now asking the Imperial President to unilaterally take action. A group of tax happy corporate protectionists are hoping the President uses his "pen and his phone" to start punishing American businesses that have the audacity to lower their corporate tax burden.
Elizabeth Warren (D-Mass), Dick Durbin (D-Ill), and Jack Reed (D-RI), have crafted a letter (yeah It took three of them) to President Obama requesting that action be taken toward businesses that have sheltered themselves from some US taxes. According to the Hill.com:
Sens. Dick Durbin (Ill.), Jack Reed (R.I.) and Elizabeth Warren (Mass.) told Obama in a letter Tuesday that he should do all he can to discourage inversions, in which companies that do work in the United States shift their headquarters elsewhere to avoid U.S. tax rates.
Well Thats almost whats happening. Corporations that do business in America (regardless of where they are headquartered) still owe US corporate taxes on profits made in America. Things get tricky, however, when American businesses make profits over seas. When these American companies try to repatriate that money (that has already been taxed by a foreign government) back home, they are charged nearly 35 percent by the American government This has shockingly (sarcasm font) encouraged businesses to move their headquarters so they dont have to repatriate profits to a tax hungry Internal Revenue Service.
As it turns out, businesses are actually designed to make profits. I understand this could be a difficult concept for government-centric liberals to wrap their brain around, but its a fact of life. The three
stooges legislators continued:
Corporations that renounce their U.S. corporate citizenship should not be able to reap all the benefits that American tax dollars provide, they wrote. We urge you to use your authority to stand up for American companies which are proud to be part of our nation and reduce U.S. incentives for others corporations which would abandon their responsibilities to their country for a nod of approval from Wall Street.
A nod of approval from Wall Street? Wow. Thats pretty rich coming from a bunch of wealthy lawmakers who invest their money in stocks. The truth is: America is a great place to do business. Unfortunately, the all-knowing patriots, who have helped craft a 74,000 page tax code, have managed to make doing business in America less profitable. And, not to belabor the point, but businesses are kinda built around profits.
Of course the tax-centric Democrats bemoan the prospect of an international race to the bottom in regards to corporate tax rates. This is a race to the bottom the United States simply cant win and should not be lured into entering, they fretted in the letter Not to spoil the fun, but maybe we should explain to these self-anointed arbiters of economic patriotism how corporations work.
See, corporations pay taxes with the money that they collect from consumers in exchange for a service or a product. In other words: The worlds highest corporate tax rate is paid by you and me. And if you dont think the cost of government is calculated into the price of a good or service, then, I dont think youre smart enough to be my legislator.
You Dems want more companies to show a little economic patriotism, by bringing their global profits back home? Then stop penalizing it. Rather than begging King Obama to issue some economic decree, maybe we could focus on making America a bit more attractive for multi-national corporations
Or would that hurt your talking point?
Hillary’s worst nightmare....
America’s worst nightmare. If she runs, she wins. Voter fraud will ensure it.
America’s worst nightmare.
In other words, “screw the carrot, what we need is more stick”.
The left wants a real dictatorship
What these lunatics are proposing is a financial Berlin wall.
All within the state, nothing outside the state, nothing against the state.
— Benito Mussolini
Corporate Patriotism sounds awful close to something out of Hitler’s past. But hey........history repeats itself in an ever decreasing time allotment as we become more stupider and stupider.
You will be patriotic and worship dear reader.
I suppose the party would then cease to exist.
You vill be patriotic and you vill pay more taxes!!! Damn Nazis.
Conservatives need to endlessly tie her to Occupy Wall Street, recapping the horrific images of its appalling behavior:
It is with a strange feeling that those of us who come from the Soviet Union look upon the West of today. It is as though we were neither neighbours on the same planet, nor contemporaries -and yet we contemplate the West from what will be your future, or look back seventy years, to see our past suddenly repeating itself.
And what we see is always the same, always the same as it was then: adults deferring to the opinion of their children; the younger generation carried away by shallow worthless ideas; professors scared of being unfashionable; journalists refusing to take responsibility for the words they squander so profusely; universal sympathy for revolutionary extremists; people with serious objections unable or unwilling to voice them; the majority passively obsessed by a feeling of doom; feeble governments; societies whose defensive reactions have become paralyzed; spiritual confusion leading to political upheaval.
What will happen as a result of all this lies ahead of us. But the time is near, and from bitter memory we can easily predict what these events will be.Excerpt from "West's Betrayal of Civilization" by Aleksandr Solzhenitsyn
And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand?... The Organs would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin's thirst, the cursed machine would have ground to a halt! If...if...We didn't love freedom enough. And even more we had no awareness of the real situation.... We purely and simply deserved everything that happened afterward.
― Aleksandr Solzhenitsyn
The word “freedom” as used by the founding fathers and intellectuals such as Adam Smith didn’t mean freedom to have sex with farm animals or act out any fantasy or lifestyle one wishes, ... it meant freedom to do business unmolested by the King’s rabid tax collectors. Ergo, the US isn’t the beacon of freedom many have deluded themselves into thinking it is.
If Hillary is having nightmares, then Fauxcahontas had better get someone else to start her car - permanently.
The Flying Buttress is not amused by the pretentions of Lieawatha. She’s still smarting from 2008.
(Somebody please bring the popcorn...find some comfy chairs...2016 will be most interesting)
Bitchontus needs an attitude adjustment about the economy shoved into her ears.
i guess the stooopid cow is OK with it so long as her boy is the one doing it...
Obama Aides Let Delphi Use Tax Tactic President Assails
“corporations pay taxes with the money that they collect from consumers in exchange for a service or a product. In other words: The worlds highest corporate tax rate is paid by you and me”
this needs to be repeated over and over +
Warren is a dummy
"All Bills for raising Revenue shall originate in the House of Representatives."
Rush calls it the Chamber of Crony Capitalism.
Its a question that makes liberal heads explode if they think about it for very long. Their whole world view crumbles around it.
What flaming idiots these Dems are. We have people with the intelligence and instincts of juvenile delinquents exhorting us to be patriotic.
She is evil more than dumb but the voters in this nation are increasingly as ignorant.
All within the state, nothing outside the state, nothing against the state.
Ole Mussolini didn’t look so good in the last known photos that I can recall.
Paleface Lizzy Warren is so Indian that she thinks a reservation means you have a table for dinner.
jumping on the dictatorial bandwagon.
What about those 30 members of the Obama White House staff that owe a combined $850,000 (estimate) to the IRS? Maybe we should start with them.
The communist’s were really good at mandating patriotism...
They took everything from you...
Slavery, the new patriotism...
Dem disorder. They tell us that corporations are not people, but they now demand ‘patriotism’. Such fascist!
Just as since 2007, those who are aware know what the ‘Progressive’ agenda have in store. Bags packed stored behind the door, ever at the ready to survive.
Something wicked this way comes.
Uncanny how Ayn Rand predicted all of this...
From that fringe element that thinks all money really belongs to the government.....
The Hekawis must be so proud.
According to Mussolini --
Fascism conceives of the State as an absolute, in comparison with which all individuals or groups are relative, only to be conceived of in their relation to the State. The conception of the Liberal State is not that of a directing force, guiding the play and development, both material and spiritual, of a collective body, but merely a force limited to the function of recording results: on the other hand, the Fascist State is itself conscious and has itself a will and a personality -- thus it may be called the "ethic" State....
...The Fascist State organizes the nation, but leaves a sufficient margin of liberty to the individual; the latter is deprived of all useless and possibly harmful freedom, but retains what is essential; the deciding power in this question cannot be the individual, but the State alone....
Funny it’s the only “ Patriotism” these clowns profess...
Not all of it. When the company can't raise its prices because of foreign competition, the stockholders pay the tax until the corporation moves.
Typical Democrats, lining the pockets of internationalists at the expense of Americans.
The woman is as mad as a Hatter. If elected, she will be the Francois Hollande of America. After being elected President of France, Hollande imposed an impossibly high tax rate of 75%. Immediately, the most wealthy and famous Frenchmen dropped their citizenship and left the country. By January of 2014, Hollande conceded that a tax rate of 75% was indeed “too heavy” and pledged to lower taxes. Only thing is with Dizzy Lizzy, I don’t think she would learn that quickly, if ever. Liz would ‘stay the course’ and just watch as businesses left the country in droves.
if they try to use a stick on a corporation... just close up shop. it’s that easy
it’s not like anyone on the left is actually going to put in long hours and take responsibility for an early stage corporation.
then they’d be forced to the next stage... forced labor. they’d have to literally enslave people to get the work done.
at which point... we can finally get the ball rolling.
until then... Go Galt and Go Home
I am starting to be at peace with the malignant amongst us. It is strange. Maybe I am becoming oddly numb. They are so subhuman that they are wierdly entertaining. It is like daily attending a county fair freak show of the 50’s.
It’s LEGAL what the Corporations do!!!! Krauthammer said they tried so hard to say that corporations weren’t people and now they call them un-patriotic!! Which is it Democrats??? Can’t have it both ways....oh wait...they always do!!
Is that what the Indians do?
and 83% of the low-info crowd will stand up and cheer