Showing posts with label offshore. Show all posts
Showing posts with label offshore. Show all posts

Wednesday, October 10, 2012

Corporate taxes at the Debate


In the debate Obama said that the USA was paying corporations to move out of the country. Romney responded correctly that he had never heard of such a thing. The truth is Obama and the Democratic tax policies are in part running corporations out of the country.

We all know this is a global market. Any successful major corporation is doing business out of the country. In all except the USA a corporation pays corporate taxes only on the money earned in that country. If a Japanese corporation operating in the USA moves those earnings after US taxes into a Japanese bank, there are no additional taxes.

Thursday, December 2, 2010

Oil Drilling Ban: The Destruction of America

Today President Obama announced through the Secretary of the Interior that he has placed a seven year moratorium on new drilling in the eastern gulf, as well as a five year ban on Atlantic drilling. After the BP platform accident Obama placed a six months moratorium on gulf drilling.

Those on the right have been telling us from the beginning that the ban on drilling was never lifted. We had the leftwing media telling us the gulf ban only applied to deep water drilling. We know now that we were right and that the lame stream media was lying to the people. The ban after the BP accident applied to all new drilling and was never lifted.

We are at a time when every politician and individual in the country is calling for energy independence, yet we have a government that is banning oil drilling. The federal government recently took control of millions of acres of land in Utah and Alaska that could have been set aside for new sources of oil, while at the same time we import oil from our enemies at record rates. This is the same government that sent $3 billion to Petrobas to help explore drilling off the coast of Brazil. Do I need to mention that George Soros owns 3 percent of the mostly state owned Petrobras? Petrobras is the lone operator of all oil fields in Brazil.