American companies that reincorporate abroad are not doing so to avoid paying taxes on U.S. earnings, despite the often misleading impressions left by the rantings of Senators Carl Levin, Dick Durbin, Elizabeth Warren, and others to the contrary. They are doing it to avoid paying U.S. taxes on earnings in other countries.
Tagged: dick durbin
Crain’s recently published“Pullman inching closer to national park status,” an article detailing plans by Illinois Sens. Dick Durbin and Mark Kirk and Rep. Robin Kelly of Chicago to introduce a bill to make Chicago’s Pullman neighborhood a national park. They and local supporters say a national park designation could “bring much-needed funds and development to the neighborhood.”
The Heartland Institute has compiled a list of legislators, journalists, and think tank leaders across the conservative and libertarian spectrum that strongly oppose the Marketplace Fairness Act.
In the past few years, members of Congress have proposed several bills to expand states’ ability to tax purchases made online and from mail-order catalogs. Yesterday, U.S. Sens. Mike Enzi[...]
Broadening the tax base and lowering the rate, the current whiz-bang solution to both the government debt problem and the recession, has the support of Sen. Dick Durbin (D-IL) from[...]