Obama: Tax Firms’ Foreign Profits To Fund Public Works

Posted by | February 2, 2015 07:45 | Filed under: Politics Top Stories


In an effort to get domestic companies booking huge foreign earnings to invest more in the U.S., President Barack Obama will propose a one-time tax on the firms’ overseas profits to help fund the repair of the country’s crumbling transportation infrastructure, the Associated Press reported Sunday. The White House apparently believes it can drum up bipartisan…

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By: Alan

Alan Colmes is the publisher of Liberaland.

4 responses to Obama: Tax Firms’ Foreign Profits To Fund Public Works

  1. Obewon February 2nd, 2015 at 08:53

    POTUS Obama cuts corporate taxes by more in half to repair USA’s geriatric bridges, roads & tunnels, creating millions of jobs! About one-half of the infrastructure jobs stimulus money would come from taxing the estimated $2 trillion in American corporate earnings amassed abroad at 14%, a much lower rate than the 35% tax imposed on profits in the U.S.

    Meanwhile the mathematically illiterate Greedy Oil Party clings to their “39 permanent jobs” by poisoning America’s breadbasket pristine Ogallala aquifer.

  2. StoneyCurtisll February 2nd, 2015 at 08:53

    Sounds like a good idea to me…
    but good luck trying to get any republican on board.

  3. Obewon February 2nd, 2015 at 09:53

    POTUS Obama cuts corporate taxes by more in half to repair USA’s geriatric bridges, roads & tunnels, creating millions of jobs! About one-half of the infrastructure jobs stimulus money would come from a one-time teeny tax on the estimated $2 trillion in American corporate earnings amassed abroad at 14%, a much lower rate than the 35% tax imposed on profits in the U.S.

    Meanwhile the mathematically illiterate Greedy Oil Party clings to their “39 permanent jobs” by poisoning America’s breadbasket pristine Ogallala aquifer via leave no billionaire behind legacy of 1.08 M 8 year total private jobs! “Bush on Jobs: Worst Track Record on Record”-WSJ! 1/09/2009 https://www.flickr.com/photos/speakerpelosi/13630053153/in/photostream/ <-BLS March

  4. StoneyCurtisll February 2nd, 2015 at 09:53

    Sounds like a good idea to me…
    but good luck trying to get any republican on board.

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