Great news from--who else? Independent Vermont Senator Bernie Sanders:
Bernie Sanders Introduces Bill To End Offshore Tax Havens and Outsourcing of Jobs
Two things that should never have been put in the books anyway but they were because the wealthy and corporations can buy our legislators with "campaign contributions" and get the legislation they want, in spite of what's good for the nation.
Right now, America, we have laws on the books making it legal to take profits that were made here in the US, take them to the Cayman Islands and so, make them tax free.
That is textbook insanity. It's certainly fiscally irresponsible.
And the other thing that should no way have ever been made law was that companies would get tax credits, too, for offshoring manufacturing and so, manufacturing jobs.
We all know we want more jobs back here in our country, maybe especially manufacturing jobs. This is an excellent way to begin that process.
These two efforts, that is, bringing profits and jobs back "on shore", back to America, would go a long, long way toward fixing two major problems in this country. The first being tax revenue on profits made here in the country and the other of bringing jobs back.into the country.
There shouldn't be one government representative that is against either of these goals.
Sadly, however, because the corporations and wealthy virtually own the Republicans and the Republican Party, they won't be for it.