Sunday, May 26, 2013 | 2 a.m.
It cannot be disputed that a large number of “American” corporations pay little to no income taxes and some get large tax refunds as well.
What is wrong with this picture? They don’t pay taxes and most of their employees are located outside the U.S. What do they contribute to the U.S. and its economy and growth? How many American workers do they employ? Are these the Republicans’ so-called job creators?
These corporations make billions in profits and have offshore tax havens to avoid paying U.S. income taxes.
Why don’t they move their corporate headquarters to another country?
The corporations are household names, such as Bank of America, J.P. Morgan Chase, Goldman Sachs, Citigroup, General Electric, Verizon, Honeywell International, Merck, Corning, Boeing, Microsoft, Qualcomm, Caterpillar, Cisco Systems and Dow Chemical.
Are they trying to hold the U.S. tax system hostage? It sounds just like the Bush multinational corporation’s tax holiday in 2004 when they saved $312 billion and we got cheated.
Republican voters are OK with these corporate tactics, while at the same time these voters want people earning $10,000 a year to pay taxes.
These same voters want Medicare and Social Security cuts for the elderly. These same voters want massive cuts to programs aiding the poor and disabled.
I can’t believe all Republican voters are wealthy, don’t need Medicare or Social Security.
Remember: The tax refunds to the corporations that pay no taxes come out of the income taxes the Republican voters pay. They’re OK with that. Why?