Obama: Offshore 'Tax Inversions' Are Unpatriotic

Saturday, 26 Jul 2014 07:10 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic.

Obama is denouncing "tax inversions" in his weekly radio and Internet address. He says companies are essentially renouncing their citizenship to avoid paying their fair share.

Obama says the best way to address the problem is through tax reform that lowers the corporate tax rate. But he says the problem can't wait. He's urging lawmakers to join the effort to close the loophole.

Obama says Americans don't get to pick which rules they follow and neither should companies.

In the Republican address, congressman Steve Daines of Montana says Obama is waging a war on the middle class. He's calling for the Senate to pass House-approved jobs bills.

___

Online:

Obama address: www.whitehouse.gov

GOP address: www.youtube.com/user/rnc/videos

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Politico: Obama May Give Dems 80 Percent of 2016 Latino Vote

Friday, 19 Dec 2014 19:18 PM

President Barack Obama may be on track to helping deliver as much as 80 percent of Latino voters to the 2016 Democratic  . . .

Obama Appointee's Group Accused of Illegal Politicking

Friday, 19 Dec 2014 19:09 PM

A nonprofit group run by an Obama administration appointee may have supported Democratic mayoral candidates in Californi . . .

Sens. Rand Paul, Marco Rubio Clash Over Obama's Cuba Policy

Friday, 19 Dec 2014 15:23 PM

Kentucky Sen. Rand Paul took a series of online digs Friday at potential GOP presidential rival Sen. Marco Rubio of Flor . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved