More than a dozen corporations are plotting to change their addresses to tax haven countries to dodge paying billions of dollars in U.S. taxes. If they succeed, the rest of us will be stuck picking up the tab.
We can’t wait for Congress to act. Too many members of Congress are getting their campaign coffers lined with donations from tax-dodging corporations. They’re being told to do nothing, and they’re playing along.
But President Obama CAN act – and he has promised to do so. He hasn’t yet decided what action he will take. We have to convince him to take the strongest possible action to block every U.S.-based corporation from deserting America for tax havens.