May 29, 2007
Hillary's Tax Plan
From today's Reuters: Clinton Proposes Cutting Corporate Tax Breaks:
Sen. Hillary Rodham Clinton said on Tuesday she might seek to scrap certain corporate tax breaks and subject CEO pay to public scrutiny if elected president in November 2008. ... She said she would advocate tax code changes that would keep jobs at home although she offered little in the way of specifics. She said she would require oil companies to invest in alternative technologies or pay higher taxes. "It is one thing for the marketplace to encourage overseas investment, it's another thing for our tax code to do it," Clinton said in what her campaign billed as a major policy address. "We will consider eliminating the deduction for the actual cost of moving jobs. There should be no advantage given to anyone who takes jobs and ships overseas at the disadvantage of our workforce."
From the Hillary for President web site:
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I say "You go girl!" After working at the IRS/LMSB/International I am disgusted with way large multinationals play the tax game. I'm all for any effort to get these companies to pay more taxes in the U.S.!
Posted by: Judy Richards | May 31, 2007 11:33:15 AM