In response to:

At the Fiscal Cliff I Cry "Jump, Jump, Jump!"

coveyrise Wrote: Nov 13, 2012 9:00 AM
If you recall one of Obama's Promises back in 2008 when he was first running for President he said he was to go through the Federal Budget Line by Line and cut out all Waste, Fraud and Abuse. If the spending wasn't absolutely necessary and in the country's best interest he was going to cut it out. Well he's been President for 4 years now and we're up to $16 Trillion in debt and he has yet to do any of this. If fact there is more wasteful spending now than any time in our history. Yet all we hear is that we need to raise taxes TO BE FAIR and reduce the deficit.

The most expensive tax in the history of the world has been proposed by the Obama administration and to hear them tell the story, you’d think the rest of us should be grateful.

“We want to create a global minimum tax,” said vice president Joe Biden, “because American taxpayers shouldn’t be providing a larger subsidy for investing abroad than investing at home.”

A global minimum tax is a tax on all profits made by nominally US companies that operate overseas. They operate overseas for various reasons, but one big reason is because corporate taxes are higher in...