OBAMA TOUTS TAX OVERHAUL

May 7, 2009

So read the Plain Dealer Business headline. According to the article, the Left House wants to:

PREVENT US Companies from deferring tax payments by keeping profits in foreign countries.

KEEP companies from writing off domestic expenses for generating profits abroad.

TAX income of Americans from bank accounts held in tax havens like the Cayman Islands

HIRE nearly 800 new IRS agents to enforce the Tax Code. (read homosexual, minority, hispanic, female, out-of-work UAW member).

A little down the road, does all this mean he will want to tax companies who USED TO BE located here in the United States?