Skip to main content
Advertising

Originally published July 26, 2014 at 9:16 AM | Page modified July 27, 2014 at 12:07 AM

  • Share:
             
  • Comments
  • Print

Obama: Offshore 'tax inversions' are unpatriotic

President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic.


Reader Comments
Hide / Show comments
Obama is unpatriotic by giving our tax dollars to illegal aliens and not our VET's and named Forces.... MORE
It appears that the GOP neocons here now are supporting the offshoring of corporate profits, taxes and jobs. ... MORE
These companies enjoy the benefits of doing business in America but then exploit loop holes so that they don't have to... MORE

advertising

WASHINGTON —

President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic.

Obama is denouncing "tax inversions" in his weekly radio and Internet address. He says companies are essentially renouncing their citizenship to avoid paying their fair share.

Obama says the best way to address the problem is through tax reform that lowers the corporate tax rate. But he says the problem can't wait. He's urging lawmakers to join the effort to close the loophole.

Obama says Americans don't get to pick which rules they follow and neither should companies.

In the Republican address, congressman Steve Daines of Montana says Obama is waging a war on the middle class. He's calling for the Senate to pass House-approved jobs bills.

___

Online:

Obama address: www.whitehouse.gov

GOP address: www.youtube.com/user/rnc/videos



Free 4-week trial, then $99 a year for unlimited seattletimes.com access. Try it now!

News where, when and how you want it

Email Icon

The Seattle Times Historical Archives

Browse our newspaper page archives from 1900-1984


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►