Sanders Asks Obama to Close Six Egregious Corporate Tax Loopholes

Interesting indeed, just when you thought every political candidate was in the corporates pocket we see there is one who is not bought and paid for by corporate lobbyists.

Sanders identified several actions that the White House could take to prevent corporations from using offshore tax havens and other tax dodges and to prevent wealthy individuals from avoiding income and estate taxes.

“Since the Republican-led Congress has refused to raise revenue by asking the most profitable corporations to pay their fair share, I would hope that the president could take executive action to remedy some of the most egregious loopholes,” Sanders said. “We have got to demand that companies like Apple, Hewlett-Packard, and General Electric stop engaging in legalized tax fraud that limits our ability to invest in the future.”

“At a time when this country has a $18 trillion national debt and a huge amount of infrastructure and social needs it is absurd that major profitable corporations pay nothing in federal taxes,” added Sanders, who last week issued a new detailed report on the extent of offshore tax havens by major American companies that have been most engaged in lobbying for new tax breaks and cuts to important programs for middle class families, such as Social Security, Medicare and Medicaid.

source

Sanders is just a communist that wants to punish successful business's. Everyone knows we need to give these companies tax breaks so they will create jobs. Just look at all the jobs they have created in China and other nations overseas because those people need to the jobs more than the Americans who just want a hand out. This is what the right wingers will say.

If Sanders were to run for President I wouldn't hesitate to vote for him. There is a rumor going around that he may run for the Democrat nomination even though he is an Independent. He is about the only one left that actually seems to want to do what is necessary to try and fix this countries financial problems and that problem has been the greed of the companies and the people that own them. They have had decades of riding off the welfare of the people and it's high time they step up and start paying their fair share.

a reply to: AlaskanDad
Good for Bernie Sanders but does he really think Obama is going to make GE pay any taxes when he,

Obama Picks Jeffrey Immelt, GE CEO, To Run New Jobs-Focused Panel As GE Sends Jobs Overseas, Pays Little In Taxes

www.rooseveltinstitute.org...

Keep on wishing Bernie. It taint gonna happen.

a reply to: buster2010

It's sad times when something as important as closing tax loopholes is spun into party rhetoric.

Two parties to divide, two parties to conquer and two parties to control and dominate the people of the US of A...


...a third party to break the curse?

I cant vote but i would love a sanders for pres and ron paul for vp.

One can only dream lol

a reply to: AlaskanDad
Bernie is the only Politician who passionately (at least on the surface) gives a damn about the working class.
You can send the rest of them to Hell. Now.

a reply to: CharlesT

Well its nice to see someone (Bernie Sanders) in office say that it is time to start closing tax loopholes.

Obama is just one of a multitude of politicians that are in the corps pockets, but since he is president all of the US of A's problems are his fault, right?

Two parties got us to the point we are at, until we break their hold corps will keep winning!

originally posted by: dukeofjive696969
i would love a sanders for pres and ron paul for vp. lol

Let's make it happen

They are in line on most social issues, drug war, decreasing the 1trillion a year defense budget.

As soon as I hit 20 posts, my first contribution to this site will be the things progressives and libertarians both agree on, and could probably pass congress, if the bills were actually brought to the floor for a vote.

Sounds like Bernie still hates everything American.



He does make a couple of points though.

If Sanders is serious about getting rid of so called loopholes, then he would bring in some of the Republicans or Tea Partiers who have been proposing flat taxes etc. He needs to think big. Get rid of the freaking IRS. Get rid of loopholes for EVERYONE. Flat tax across the board, no deductions of any kind.

Stop using the tax code to dole out favors to lobbyist and social engineering.

originally posted by: HighFive

originally posted by: dukeofjive696969
i would love a sanders for pres and ron paul for vp. lol

Let's make it happen

They are in line on most social issues, drug war, decreasing the 1trillion a year defense budget.

As soon as I hit 20 posts, my first contribution to this site will be the things progressives and libertarians both agree on, and could probably pass congress, if the bills were actually brought to the floor for a vote.

Just because they happen to agree on a few subjects doesn't make them compatible. There's a reason that Bernie caucases with the democrats and Rand Paul with the republicans.

I'd just bet Bernie Sanders would not want anything to do with having Ron or Rand Paul even remotely associated with his bid for the Presidency and I don't blame him one bit. I am a huge Bernie Sanders fan and I wouldn't vote for him or anyone else that had a Paul, a republican, or a libertarian on their ticket.

Elizabeth Warren on the other hand would be a match made in heaven. Only downside is that the one who takes the VP position gets silenced and right now, we need their voices in Congress more than ever.

originally posted by: xuenchen
Sounds like Bernie still hates everything American.

Could you quote me from the article or OP where Mr Sanders says he hates these things that your claiming he does?

Please stay on topic with the OP, I know you would hate to see this post go off topic.

originally posted by: buster2010
Sanders is just a communist that wants to punish successful business's. Everyone knows we need to give these companies tax breaks so they will create jobs. Just look at all the jobs they have created in China and other nations overseas because those people need to the jobs more than the Americans who just want a hand out. This is what the right wingers will say.

If Sanders were to run for President I wouldn't hesitate to vote for him. There is a rumor going around that he may run for the Democrat nomination even though he is an Independent. He is about the only one left that actually seems to want to do what is necessary to try and fix this countries financial problems and that problem has been the greed of the companies and the people that own them. They have had decades of riding off the welfare of the people and it's high time they step up and start paying their fair share.

So , your a Commie then Buster ? Figures...............

a reply to: Edumakated

Not everyone thinks the world is flat, and not everyone believes in flat taxes,


only those with flat heads or was that fatheads?

originally posted by: AlaskanDad

originally posted by: xuenchen
Sounds like Bernie still hates everything American.

Could you quote me from the article or OP where Mr Sanders says he hates these things that your claiming he does?

Please stay on topic with the OP, I know you would hate to see this post go off topic.

Well the "Corporations" *ARE* following the law right?

How more "American" can they get?

Congress as a whole failed when they forgot to put these changes into the Dodd-Frank bill.

Could'a passed easily back then.

originally posted by: Zanti Misfit

originally posted by: buster2010
Sanders is just a communist that wants to punish successful business's. Everyone knows we need to give these companies tax breaks so they will create jobs. Just look at all the jobs they have created in China and other nations overseas because those people need to the jobs more than the Americans who just want a hand out. This is what the right wingers will say.

If Sanders were to run for President I wouldn't hesitate to vote for him. There is a rumor going around that he may run for the Democrat nomination even though he is an Independent. He is about the only one left that actually seems to want to do what is necessary to try and fix this countries financial problems and that problem has been the greed of the companies and the people that own them. They have had decades of riding off the welfare of the people and it's high time they step up and start paying their fair share.

So , your a Commie then Buster ? Figures...............

Actually, Bernie Sanders self-identifies himself as a "Democratic Socialist."

Buster was just being sarcastic.

originally posted by: AlaskanDad
a reply to: Edumakated

Not everyone thinks the world is flat, and not everyone believes in flat taxes,


only those with flat heads or was that fatheads?

Such a thoughtful and logical response. Why don't you explain for the class why you are against a flat tax? Secondly, which is it?

You either don't want a system which is set up so that politicians can use the tax code to create these loop holes to dole out favors to their constituents OR you only have a problem with those loop holes if they don't align with the cronies of the left? Which is it?

A flat tax with no deductions is the simplest and most fair way to reform the tax code so it can't be gamed by special interest.

originally posted by: Flatfish

originally posted by: HighFive

originally posted by: dukeofjive696969
i would love a sanders for pres and ron paul for vp. lol

Let's make it happen



Just because they happen to agree on a few subjects doesn't make them compatible. There's a reason that Bernie caucases with the democrats and Rand Paul with the republicans.

I'd just bet Bernie Sanders would not want anything to do with having Ron or Rand Paul even remotely associated with his bid for the Presidency and I don't blame him one bit. I am a huge Bernie Sanders fan and I wouldn't vote for him or anyone else that had a Paul, a republican, or a libertarian on their ticket

I'm a huge Bernie Sanders fan too, and I KNOW he wouldn't want Rand on his ticket.. Lol
Neither man bows to corporate interests, only their ideology.
Without the Hastert Rule, progressives with the help of libertarians could presumably pass laws on:
Drug war, prison industrial complex, policing for profit, a reasonable defense budget,

a reply to: AlaskanDad

Executive orders direct policy in how certain laws are administered or enforced...thus they call the WH an "Administration"

As far as the Tax Code and IRS...I think that is congress's exclusive bag? The "purse strings" and all?

I don't see a way that loop-holes in the tax code can be closed via executive action.

originally posted by: xuenchen

originally posted by: AlaskanDad

originally posted by: xuenchen
Sounds like Bernie still hates everything American.

Could you quote me from the article or OP where Mr Sanders says he hates these things that your claiming he does?

Please stay on topic with the OP, I know you would hate to see this post go off topic.

Well the "Corporations" *ARE* following the law right?

How more "American" can they get?

Congress as a whole failed when they forgot to put these changes into the Dodd-Frank bill.

Could'a passed easily back then.

It blows my mind when you post this stuff...

Dodd-frank passed by the skin of it's teeth and only after the GOP stripped out as much as they could.