Archives for White House

Obama plans to do what Congress did not

President Barack Obama says he’s taking action on his own because Congress is doing so little for working families. In his weekly radio and Internet address, Obama says the economy is improving. He says decisions made now can ensure things keep improving. Obama says he’s been pushing policies addressing jobs, student loans and wages. He says all of the policies would help families feel more stable, but all have been blocked by Republicans. Obama says Congress left town for their August vacation with unfinished business. He says he hopes when lawmakers get back, Washington can join together in common purpose.
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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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