Bill Ending Most Brutal Corporate Tax Rape Loophole Will Go Nowhere - Thanks GOP
The foreign entity of a corporation can loan 'their" corporation money, and then write off the interest saving millions in taxes. This is the most brutal in your face tax rape loophole there is, and Sander M. Levin of Michigan, the ranking Democrat on the Ways and Means Committee, and Representative Chris Van Hollen of Maryland, the top Democrat on the Budget Committee introduced a bill to stop it.
http://www.nytimes.com/2016/02/23/business/dealbook/two-ranking-democrats-to-offer-bill-aimed-at-inversions.html?_r=0
Of course it will go nowhere.
Thank you Republican scumbags.
Imagine if you could loan yourself money, and then write off the interest.
Wouldn't that be great!!!!!!
Corporations do it every day, and Republicans love the idea.
Let's do something folks.
Make sure ever person in America knows the Republicans won't stop this or support the bill ending this from of tax rape.
It's election season. What an issue!!!!
