Reply #7: and Exxon pays ZERO income taxes to USA

[scentopine]

Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi. No wonder that of $15 billion in income taxes last year, Exxon paid none of it to Uncle Sam, and has tens of billions in earnings permanently reinvested overseas.

http://wonkroom.thinkprogress.org/2010/04/06/exxon-zero-taxes/

And Obama is blessing more off shore drilling. Can't tell a neo-lib from a neo-con any more.

We are losing the battle to stay free and safe in our own country.