5/05/2009

Line up so we can see who you are...

In addition to Republicans in lock step in opposition to U.S. - based multinational companies paying a fair tax, we now have a growing list of Democrats raising thier voices in protest. At least we now have a list of who is on the take and therefore, who in the next election should be voted out. Perhaps Boxers fear of unentended consiquences is a drop in her re-election fund.

May 5 (Bloomberg) -- President Barack Obama’s plan to end tax breaks for U.S.-based multinational companies drew a skeptical response from fellow Democrats on Capitol Hill, indicating that his plan may face obstacles on its path through Congress.

Senate Finance Committee Chairman Max Baucus, a Montana Democrat, called for “further study” of Obama’s proposals within minutes of the president’s announcement yesterday. Representative Joseph Crowley, a Democrat on the tax-writing House Ways and Means Committee, said he’s wary because the tax changes would hurt Citigroup Inc., his New York district’s largest private-sector employer.

Natalie Ravitz, a spokeswoman for Senator Barbara Boxer, a California Democrat, said that any tax overhaul should not lead to “unintended consequences.”

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