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September 24, 2014

Bill Clinton: No It's Not Unpatriotic For Companies To Minimize Their Taxes, It's "Their Money".

The left's latest bugaboo is "corporate inversions". This is the process by which a US company reincorporates itself in a lower tax country to escape the confiscatory rates here.

Naturally the left hates the idea of people not giving all their money to the US government so this practice has become the latest left-wing populist cause celebre. Enter the most popular Democrat in the country who happens to be the husband of the presumptive 2016 Democrat nominee (a woman who is viewed as insufficiently progressive by many base Democrats)....

As many Democrats attack companies that take advantage of corporate tax inversions, former President Bill Clinton expressed sympathy for them.

“Like it or not, this inversion, this is their money,” Mr. Clinton said in an interview during the Clinton Global Initiative in New York.

When asked whether inversions — the practice of American companies acquiring a small overseas rival and reincorporating abroad to lower their tax bills — are unpatriotic, as many critics say, Mr. Clinton said that publicly traded companies, in particular, “feel duty bound to pay the lowest taxes they can pay.”

Clinton also says the corporate tax rates are too high and need reform.

You know, sometimes I get the feeling that Bill really likes being the only member of the family to be President. He dutifully helps Hillary but always manages to find a way to be a little too helpful and cause her trouble.


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posted by DrewM. at 10:56 AM

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