Bill Clinton on Inversions: ‘This Is Their Money’

[cali]

As many Democrats attack companies that take advantage of corporate tax inversions, former President Bill Clinton expressed sympathy for them.

“Like it or not, this inversion, this is their money,” Mr. Clinton said in an interview during the Clinton Global Initiative in New York.

When asked whether inversions — the practice of American companies acquiring a small overseas rival and reincorporating abroad to lower their tax bills — are unpatriotic, as many critics say, Mr. Clinton said that publicly traded companies, in particular, “feel duty bound to pay the lowest taxes they can pay.”

<snip>

http://www.nytimes.com/politics/first-draft/2014/09/23/?entry=476

[jwirr]

1. And it was their jobs that went overseas. And supposedly this is their country they are driving into

the pit. I for one am having a hard time believing that these corporations care at all for this country.

[grasswire]

2. expletive deleted

There's a remedy for this kind of hubris.

[cali]

3. and it's not Hillary.

[grasswire]

7. damn straight

I was thinking more along the lines of nationalizing certain corporate entities.

Looks to me like Bill Clinton actually has come to believe he is one of the Bush brothers.

[Terra Alta]

4. Outrageous.

Hillary needs to reign Bill in if she wants any chance at the nomination in '16.

[grasswire]

8. Let him talk.

Just don't let Hillary be the Democratic nominee.

[Katashi_itto]

5. Wow. I feel the need for a shower.

[JHB]

6. Just because they feel "duty bound" doesn't make it right...

...nor does it require the rest of us to facilitate it.

[orpupilofnature57]

9. Duty bound ? ENTITLED .

[BrotherIvan]

10. Aw shit...

[Babel_17]

11. Money is like a child

It must be protected and nurtured. Then, at the right time, it's allowed to speak publicly.

Because money is also speech.

[IDemo]

12. Bill is the Inevitable First Spouse

And I support him 111%!!

[Scuba]

13. How progressive of him.

[indepat]

14. Velly interesting, Mr. President, its their money. The gipper taught us its our money. The

gipper also put it in our heads that corporations should not pay taxes, that only people should pay taxes, and then only through an extremely regressive tax scheme. All hail the mighty gipper and all those who have swallowed his pure de hogwash and ludicrous bull-shit.

[RoccoR5955]

15. As I always say...

Clinton was one of the best Republican presidents we ever had!
This only proves it.

[LawDeeDah]

16. Well color the world surprised.

But the clintons are so prooooooooogreeeessssive! Progress to your banks, rich ones. I'll hold the door open for you, say Hillary and Bill. Oh, and don't forget we have that expensive speech to give next Friday, cash please.

[Tierra_y_Libertad]

17. The Clintons: Protectors of the Downtrodden Wealthy and Flat Broke Billionaires.

[sendero]

18. Is anyone surprised...

... that the champion of NAFTA, free trade without quid-pro-quo with China, the repeal of Glass-Stegall, the ending of "welfare as we know it", the Commodity Futures Modernization Act (look it up, please) would be for corporations running roughshod over everyone?

Bill Clinton may be have been lucky enough to preside over a robust economy that had nothing to do with him, but if you think he was EVER the champion of the little guy you are a dolt.

[kelliekat44]

19. I guess none feel "duty bound" to protect and preserve their nation's economic well-being?

The tax evasion moochers probably get more from the government than they deserve and are the first ones to complain about government practices.

[kentuck]

20. That's why he signed the repeal of the Glass Steagal...

because the banks felt duty bound to make as much money as humanly possible.

[LawDeeDah]

21. No Bill, it's money they steal from the taxpayer.

For all the cash not going to the IRS, the middle and poor class have to make up for or be without important programs, infrastructure repairs, and a thousands etcs.