President Barack Obama vowed on Monday to overhaul tax policies that he said reward companies for shifting U.S. jobs overseas and allow wealthy people to evade taxes using offshore accounts.
All day today I heard nothing but how bad of an idea this is. How bad it is for companies. It’s amazing to me that Washington still doesn’t get it. Americans are tired of carried the burden of the nation on our backs. Especially after the failure of Wall street to police itself and maintain their own bottom lines at a secure level. Americans are tired of bailing out companies and big corporations. So cry me a river over closing loop holes and enforcing tax laws that are already on the books. When everyone who lost their job, lost their home, and lost their retirement funds are financially secure again, I’ll care about big business. Until then the corporations and rich can shut up and pony up to the table that the rest of us have been holding up on our shoulders.