General Discussion
In reply to the discussion: Obama Did It For the Money by Robert Scheer [View all]KoKo
(84,711 posts)From the article:
For Pritzker, as with the confirmation of Lew, the fix is in. The Republicans dont dare push back too hard on shady business practices that their deregulation legislation endorsed, and Democrats will go along with anything the president wants.
The same restraint will be exhibited in exploring the offshore tax havens that have protected the Pritzker familys immense wealth. Back in 2008, when she had been rumored for this same Cabinet post, Pritzker was queried about avoiding the sort of taxes most ordinary folks are obligated to pay, and she replied in writing: I am a beneficiary of some non-U.S. situs trusts which were established about 50 years ago (when I was a child) and are administered by a non-U.S.based financial institution as trustee. I do not control how those assets are administered. If the Republicans challenge that canard, the Democrats will smugly remind them of Mitt Romneys tax havens, as if that excuses tax avoidance within their own ranks.