Territorial Taxation a Recipe for More Offshoring of American Jobs

By: Tuesday July 17, 2012 10:25 am

President Obama’s campaign added a new twist to their assault on Mitt Romney yesterday, saying that his jobs plan would create 800,000 jobs overseas. This is largely a talking point, but it’s good to look at the consequences of a territorial taxation regime, which is what the campaign essentially does here. They rely on a [...]

Romney Camp Tries to Get Retraction of Outsourcing Story, WaPo Says No

By: Wednesday June 27, 2012 1:16 pm

Chalk this up to a textbook example of how to extend a damaging news story. Last week, the Washington Post published an item about Mitt Romney’s time at Bain Capital, and how the firm owned several companies that engaged in the practice of shipping American jobs overseas. The Romney campaign’s initial reaction was almost comical [...]

At Bain, Romney Invested in Companies That Shipped Off American Jobs

By: Friday June 22, 2012 10:55 am

The big story of the day is a deeply reported piece by Tom Hamburger, showing that Mitt Romney’s Bain Capital in many ways invented the cottage industry of shipping US jobs overseas. During the nearly 15 years that Romney was actively involved in running Bain, a private equity firm that he founded, it owned companies [...]

Opportunistic Dem Targeting of Facebook Tax Dodger Eduardo Saverin Has Some Value

By: Thursday May 17, 2012 4:00 pm

This Eduardo Saverin story is just the kind of link-bait in which Chuck Schumer specializes. He would make a good search engine optimization chief at a website. But there is a larger point, and not just bad Facebook puns, to be made in the controversy over Facebook co-founder Saverin’s renunciation of citizenship to avoid tax [...]

Romney’s Offshoring Problem

By: Thursday January 19, 2012 1:52 pm

I noticed a comment in this post alleging that offshore tax havens happen to not be illegal. I don’t know, the IRS doesn’t engage in tax amnesty programs for things that are not illegal. I was talking about a very particular kind of tax evasion, namely the socking away of money in secret offshore bank [...]

Romney’s Offshoring Less the Problem than the Historically Low Capital Gains Tax Rate

By: Thursday January 19, 2012 7:02 am

The ABC News report that came out last night about “Mitt Romney’s offshore tax havens” appears to get the data wrong, so you end up with a muddled analysis of the situation. What is actually happening here, as Pat Garofalo untangles, is that Romney invests in funds from his old company Bain Capital that happen [...]

Coburn Returned to Gang of Six After Agreement on Health Care Cuts

By: Thursday July 21, 2011 6:55 am

Just about the only specific piece of the Gang of Six proposal, as explained well by Rep. Peter DeFazio above, is the move to chained CPI, a benefit cut for Social Security, veteran’s benefits and any program with a cost of living adjustment, along with a regressive tax cut. So that should give you a [...]

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