Dan Mitchell discusses tax havens on FOX's On the Record with Greta Van Susteren

5-4-09

Category:

News & Politics

Tags:

• cato
• institute
• dan
• mitchell
• tax
• havens
• obama
• global
• revolution
• FOX
• Greta
• Van
• Susteren
• Obama
• Timothy
• Geithner

[MagnusIan]

The US won't change for the better until this false dichotomy of "Democrat or Republican" ends for good. Both parties continue to disobey the Constitution to promote their own political agenda. Each party increases government and strips more and more liberties away from you.

You want change? Vote libertarian.

[Surhotchaperchlorome]

"Even the French, who love taxes, don't do that."

Epic failure on Obama's part.

[Christian121y]

@freesk8 This time it might actually happen though,what with the sheer logic of it at this point.

Oh wait.

Now I understand your cynicism.

[freesk8]

@Christian121y That would be great, if it actually happened. The problem is that the current drive to eliminate exemptions is about increasing revenue for a bankrupt US federal govt, not about a long term goal to reduce taxes. I agree that subsidies and tax loopholes create distortions, but I don't trust this govt to want to reduce taxes in the long or short term.

[Christian121y]

@freesk8 The idea is that by removing select market distorting subsidies and exemptions for certain activities on the tax code overall rates can be lowered for everybody.

[er20092009]

Geinter is such a little weiner, isn't he?

[111thedude111]

Bush did nothing to deregulate, he added regulations that cost the economy millions! 64,438 pages of regulations added to the Federal register in 2001, more than 70,000 in 2007. Google "Bush was a Big-Government Disaster"

[ed2276]

This wasn't just Bush Admin. irresponsibility, it was Clinton--and before-- era irresponsibility. It was also congressional irresponsibility. Now Obama is carrying on in the same way, with the same wrong policies and actions that the others are responsible for, only he is making it 100 times worse.

People are starting to wake up all across this nation. The voters in Calif. have had enough; the tea party people have had enough, and states are starting to reassert their sovereignty.

[ed2276]

It was regulation of the markets and government intervention in private market transactions that put us in this mess. The government regulated financial institutions, telling them that they had to loan to poor credit risks and deregulated pet government agencies like Fannie Mae and Freddie Mac, allowing them to act irresponsibly by guaranteeing high risk loans with taxpayer money. This led to out-of-control debt creation and the inflationary bubble, which is now bursting in this phony economy.

[freesk8]

These jobs are not owned by America, our people, or our government. They are owned by the businesses that create them. It is their right to send them overseas.

If you bought a car, and wanted to give it to your relative in Europe, that would be your right, even though you are decreasing the assets of America and adding to those of Europe.

If our taxes are too high, that is our fault. Our bad tax policy is driving jobs overseas. Poor in other nations and US consumers benefit from this.

[sabboth42]

These are american based companies, outsourcing to avoid taxes. They are TAKING american jobs and giving them to foreigners. That hurts america.

[freesk8]

Currently, European-based companies pay no European taxes on money they earn in the US. But US companies pay taxes in Europe on business they do in Europe. Taxing them on that in the US AS WELL would be double taxation, and put them at a disadvantage, and destroy US jobs.

Can you please tell me the difference between adding taxes and eliminating tax exemptions? I can not see the difference. In either case, the money that a company pays in taxes increases.

There is no real difference.