The subject of tax inversion, in which American firms avail of lower tax rates in foreign countries by merging companies in those countries, has become very topical in the last couple weeks thanks to a decision by Abbvie, a drug company, to merger with Shire, an Ireland-based firm and move its headquarters overseas. One of at least 47 tax inversions in the last decade, the Abbvie-Shire deal is the largest such action yet, worth $54 billion. Perhaps unsurprisingly, President Obama and Democrats in Congress have become apoplectic with rage at the audacity of a business making a prudent decision to escape bloodsucking taxes.
Tagged: citizens united
In its recent ruling in McCutcheon v. Federal Election Commission, the Supreme Court struck down yet another provision of federal campaign finance law as a violation of the First Amendment’s free speech guarantee.
This time it was the Bipartisan Campaign Reform Act’s limitation on the aggregate amount of contributions — presently $123,200 — that a donor may contribute to all candidates or party committees in one election cycle.
Yesterday, a “Senior Organizer” for the “Public Citizen’s Democracy Is For People Campaign” named Aquene Freechild commended the morally and fiscally bankrupt state of Illinois for becoming the 14th state[...]
The arguments made against Citizens United all boil down to a conviction that speech from some quarters is not worth hearing, and that the public cannot be trusted with the vote if they are influenced by certain disfavored speakers.
The new HBO series “Newsroom” by celebrated lefty screenwriter Aaron Sorkin features “ripped from the headlines” plots – as long as the headlines were published two years ago. It has[...]