Will Republicans Block Action On Corporations Abandoning The U.S.?

Keep Same Executives, Employees, Facilities And Customers

Even though an inverted company has renounced its US citizenship, the company keeps the same executives, the same stores or facilities, the same employees, and the same customers — right here in the US. The only things that changes is the company sheds certain tax obligations. The company still receives all the benefits of US roads and infrastructure, police and fire protection, courts, military protection, and the rest. The US still educates its  workforce and subsidizes its ultra-low wages with food stamps, Medicaid, and other available government services.

There is legislation to fix this problem. In particular, the Stop Corporate Inversions Act of 2014 has been introduced in both the House and the Senate.

Will Republicans Block Action?

Will Republicans block this legislation? Aside from the fact that Republicans have obstructed nearly all legislation of substance for years, there is precedent for Republicans blocking bills to end corporate tax loopholes. Here are a few examples:

These are just a few of dozens and dozens of examples of Republicans obstructing legislation to close tax loopholes that let the giant corporations dodge, evade, avoid, and otherwise not pay taxes for the roads, courts, military defense, and other government services they benefit from. In fact, they have obstructed pretty much every effort to close corporate tax loopholes.

So … yes … Republicans will probably certainly obstruct efforts to stop these corporate “inversions,” in which companies renounce their US “citizenship” and pretend they are non-US companies. It’s who they are. It’s what they do.

Update – If true, this is another reason to suspect that Republicans might block doing anything about these companies renouncing their “citizenship:” Republican leadership personally profiting from tax inversion deals.

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This has been reposted from the Campaign for America’s Future.

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