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Romney calls taxing corporations’ foreign income a ‘strange thing’

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Republican presidential candidate Mitt Romney told a voter in New Hampshire Monday that the way to make sure companies like General Electric pay more taxes is to lower their tax rate.

“How are you going to tackle those values issues and the abuse that’s happening in Washington?” a voter attending a pancake breakfast in New Hampshire asked Romney. “For instance, why doesn’t GE pay taxes?”

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“You’re going to see me talking about changing the corporate tax structure,” Romney replied. “Our rates are the highest in the world and that means companies are inclined to go elsewhere. And I can’t speak for GE in specifics, but my guess is they’ve gone elsewhere over the years to places where taxes are lower and regulations are lower, where they think they are going to get a better deal.”

“We have a strange thing in America. I’m puzzled by it. If a company makes a bunch of money. Let’s say, selling goods in China and they keep their money in China and invest in China, they don’t pay U.S. taxes. But if they bring their money home to invest here, we charge them taxes. It’s absolutely backwards.”

Watch this video from CNN, broadcast Sept. 5, 2011.



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DC mayor trolls Trump by lighting ‘Black Lives Matter Plaza: ‘We turned on the night light for him’

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2020 Election

It’s Donald Trump vs Joe Biden: Associate Press reports former VP has clinched the DNC nomination

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The 2020 general election campaign between two top parties has unofficially been set.

"Joe Biden formally clinched the Democratic presidential nomination Friday, setting him up for a bruising challenge to President Donald Trump that will play out against the unprecedented backdrop of a pandemic, economic collapse and civil unrest," the AP reported Friday. "The former vice president has effectively been his party’s leader since his last challenger in the Democratic primary, Bernie Sanders, ended his campaign in April. But Biden pulled together the 1,991 delegates needed to become the nominee after seven states and the District of Columbia held presidential primaries Tuesday."

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Trump retweets right-wing video attacking George Floyd’s character — hours after calling it a ‘great day’ for Floyd

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On Friday, President Donald Trump retweeted a video from right-wing commentator Glenn Beck, which appeared to question the wisdom of calling George Floyd a "hero" — and concurring with Black GOP commentator Candace Owens, who said it "sickens me" he is being "held up as a martyr."

Disgusting. pic.twitter.com/JCJWEFYZww

— David Gura (@davidgura) June 6, 2020

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