Arianna Huffington amazes me again - she's ripping the House Republicans a new oneAnd it's a good thing too! Their heads are so far up their old ones that they don't work anymore. I knew there was a big handout to businesses in this bill passed by the House republicans. I didn't know that one of the many gifts to big business is that money they ship out of the country won't be taxed as long as it stays out of the country. In her well written article yesterday, Arianna wrote:
It allows multinational corporations such as GE and Ford to avoid paying taxes by shifting profits to their offshore subsidiaries -- but only if those profits remain overseas. Tell me, how exactly is providing incentives to keep money out of our economy supposed to stimulate our economy?They wouldn't spend any money beefing up security when Al Gore's commission recommended it. That's because they don't give a crap about the safety of average Americans. They wanted to spend that money on tax cuts to the corporations that put them in office. And, ironically, it's not even the kind of tax cuts (the kind with provisions) that will create new jobs! This is war profiteering and these people should be put in prison for it.
Arianna Huffington's new book is called How to Overthrow the Government.