Archives for White House

Obama: Overseas tax dodges are ‘unpatriotic’

President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic. Obama is denouncing “tax inversions” in his weekly radio and Internet address. He says companies are essentially renouncing their citizenship to avoid paying their fair share. Obama says the best way to address the problem is through tax reform that lowers the corporate tax rate. But he says the problem can’t wait. He’s urging lawmakers to join the effort to close the loophole. Obama says Americans don’t get to pick which rules they follow and neither should companies. In the Republican
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President wants limits on overseas corporate mergers

President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those companies. The push comes amid a developing trend by companies to reorganize with foreign entities partly to reduce their tax payments in the U.S. But Obama’s election-year drive also coincides with increased attention to the issue by congressional Democrats, who are seeking to draw contrasts with Republicans and to portray them as too corporate-friendly. Obama was scheduled to address the issue in remarks Thursday at a technical college
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Obama hails rare Southeast Asia Indonesia democracy

President Barack Obama’s quick congratulation for Indonesia’s election victor Joko Widodo, even as the losing candidate rejected the result, underscores Washington’s intent to deepen ties with Jakarta and support democracy in Southeast Asia. A peaceful transfer of power in Indonesia would buck a worrying trend in a region marred by flawed elections and military meddling. It would also show that democracy thrives in the country with the world’s largest Muslim population. Over the past year, there have been disputed elections in Malaysia and Cambodia, where this week the opposition agreed to end a parliamentary boycott. Thailand, once an example of
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Obama wants cooperation from balky GOP Congress

As hopes dim for bipartisan action in Congress this summer, President Barack Obama is calling on Republican lawmakers to cooperate while complaining that they have “gone off the rails” and urging Democrats to get over their complacency and vote them out of office. The mixed messages aim to cast Obama as being above the fray even as he embarks on one of his most intense fundraising sprees for the Democratic Party. “I’m not overly partisan,” he insisted Tuesday before 250 donors in a well-to-do lakefront neighborhood in Seattle. “The problem is not the Republican Party per se. The problem is
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Obama wants subpoena of top aide quashed

The White House asked the Republican chairman of a congressional committee on Monday to lift a subpoena against President Barack Obama’s political adviser, who has been called to testify on Wednesday about his office’s operations. Representative Darrell Issa, chairman of the House of Representatives’ Oversight and Government Reform Committee, last week subpoenaed Obama political adviser David Simas to testify about how his office complies with the Hatch Act, a law that forbids most federal government employees from engaging in partisan political activity. Simas is director of the White House Office of Political Strategy and Outreach. Recent presidents, both Democratic and
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