As usual, it’s the messenger that’s the problem

Republicans have decided that the biggest, wettest kiss they can give their corporate owners is to make all money they earn overseas exempt from taxes, even if they bring that money back to the USA. It’s called a Territorial Tax System and it’s used by only a handful of countries — France, Hong Kong, Belgium, and the Netherlands.

When the Congressional Budget Office (CBO) took a look at the impact of the USA using a territorial tax system, not surprisingly they found that it would increase the shipment of jobs and manufacturing to other countries besides the USA. Who could have guessed? If you only tax money earned in the United States, companies will beat a path to nearest border to make sure they earn as much money as possible outside of the United States. It’s the weirdest thing.

When the Republicans heard that the CBO predicted this behavior and the subsequent negative impact on our nation’s economy and job situation, their response wasn’t, “Oh, shit, we better rethink this.” No, their response was to shout, “LIAR!”

Proof after the jump.

The Michigan Nurses Association are the cutting edge of activism once again. Check out their latest events (and, yes, YOU are invited): Since Rep. Camp Won’t Hold Citizens Town Hall, Nurses Will Do It For Him on MondayMonday’s event gives citizens opportunity they’ve been denied by supercommittee member MIDLAND – Since Congressman Dave Camp of Midland has denied multiple requests […]