You have to give Nancy Pelosi and the Democrat Party credit for trying to push through more of their anti-American agenda, even as their minority in the U.S. House of Representatives has increased after the 2014 midterm elections.
Houser Minority Leader Rep. Nancy Pelosi has unveiled a Democrat legislative “package” that includes the “Stop Corporate Expatriation and Invest In America’s Infrastructure Act,” a bill that prevents U.S. businesses from moving overseas, which according to Pelosi, would prevent these companies from “paying their fair share of taxes.”Pelosi’s “fair share” is taken right out of “tax the wealthy” liberal mindset and President Obama’s “Buffet Rule,” which calls on billionaires and millionaires to pay their “fair share” of taxes.
“In sharp contrast to Republicans whose first vote in the new Congress will be to advance additional tax cuts for the wealthy and special interests, we will bring forward the Stop Corporate Expatriation and Invest in America’s Infrastructure Act, which prevents U.S. corporations from renouncing their citizenship to dodge paying their fair share of taxes…It’s time to stop rewarding companies that move overseas, and instead use those dollars to create good-paying jobs here at home.”-Rep. Nancy Pelosi (D-CA)
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Pelosi forgot to call the GOP the “Ecoli club,” as she famously did back in 2012. (Video)
This bill will fall flat on its face. Remember, this is an anti-business bill, and Republicans control the House.
Pelosi and her fellow Democrats continue to deny, and purposely ignore the real reason why U.S. corporations continue to move their businesses overseas. The whopping U.S. corporate tax rate makes it almost impossible for U.S. businesses to survive stateside.Pelosi’s amigo in the House, Democrat Rep, Chris Van Hollen, who is the top Democrat on the Budget Committee, took to Twitter to promote Pelosi’s bill.
Let’s stop rewarding companies that move abroad to dodge taxes. We can use that revenue here to build roads & bridges http://t.co/9wCTYRSzEw
— Chris Van Hollen (@ChrisVanHollen) January 6, 2015
Van Hollen was then quickly reminded by a host of followers of the crippling U.S. corporate tax rate.
@DirtyDemocrat BS. Look at corporate tax rates. Any US company would like to be able to say made in the US. Take a look at Irish wages. — John Boggs ™ (@MooglyGoo) January 6, 2015
@ChrisVanHollen @louiseslaughter let’s stop rewarding greedy #ASS like you…you vote for your own pay increase and you build/hire NOBODY!
— Kristi Segovia (@Gatorgirl4vr) January 6, 2015
@ChrisVanHollen @repsandylevin How are they being rewarded? They are responding to the disincentives in the tax code you created. Fix it! — Dan Ikenson (@dikenson) January 6, 2015