It was reported in the Huffington Post that “In a private meeting with 200 CEOs, Obama reportedly said “that he might consider a shift to a corporate territorial tax system.” This system is the next major scam a group of corporations under the guise of the group LIFT is perpetrating. They are putting together a major lobby effort to avoid paying taxes on the $1.7 trillion of corporate profits that are in foreign accounts.

Doing this would complete the cycle of a well thought out corporatist scam: first pay off legislators to give corporations a tax break for taking their money overseas to create jobs for foreign in lieu of American workers; then complete the cycle by paying off our legislators a second time so corporations can bring those profits back tax free in terms of another” tax less tickle down swindle.”

It is tragic that the American people probably will not even have a chance to grasp the significance of how they are being completely systematically screwed over largely by corporations that more than likely specifically left ALEC so they could more easily pull this off.


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