Obama Urges Quick Action on ‘Inversions’

In commentary, news by Bruce Kaskubar0 Comments

Today’s Wall Street Journal has a story about President Barack Obama not liking what’s going on with so-called corporate inversions. “President Barack Obama threw himself into the politically charged effort to block U.S. firms from reincorporating overseas for tax reasons, calling the relocations ‘wrong’ and urging Congress to stop them through quick-fix legislation.” Once upon a time places like East Germany and the Soviet Union severely restricted the mobility of their citizens. Now, the President of the United States wants to do the same to our corporate citizens. Remember, “Change”? Remember, “We can”? We can make the United States a place corporations want to be. Then we don’t need laws that forbid from leaving.