NEW YORK (TheStreet) -- The Obama administration has failed to make corporate tax inversion a major issuefor the fall Congressional elections, and that's a pity.
President Obama hascalled out"corporate deserters" for using foreign acquisitions to move their company headquarters offshore. He even sent Treasury Secretary Jack Lewin search of congressional support for legislation on the issue. But the fact is that there's little or no chance of such action before the November elections or even in the near future.
Read More: Warren Buffett's Top 10 Dividend Stocks
Maybe the issue just doesn't resonate with the electorate. Warren Buffett, who has supported the president in other areas in the past, has defended Burger King's (BKW) announced acquisition of the Canadian chain Tim Hortons (THI) , the air basically went out of the Obama administration's anti-inversion balloon.
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Obama Should Make Corporate Tax Inversion a Campaign Issue
RACHEL MADDOW: Obama talks tough on Russia, asserts NATO unity
Michael McFaul, former U.S. ambassador to Russia, talks with Rachel Maddow about President Obama #39;s reassurances to NATO #39;s Baltic partners that they #39;ll be protected from Russia, and assesses...
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RACHEL MADDOW: Obama talks tough on Russia, asserts NATO unity - Video
SHOCKING Demonic Photos of Obama!
Viral photos show Obama with multiple #39;devil horns #39; during speech on ISIS. Follow Alex on TWITTER - https://twitter.com/RealAlexJones Infowars on G+ - https://plus.google.com/+infowars/ Like...
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SHOCKING Demonic Photos of Obama! - Video
Italy: Obama, Poroshenko judged for war crimes in Ukraine
Video ID: 20140913-017 M/S Members of the jury sitting down, banner reading "Venice, Russell process against war crimes in Donbass" M/S Members of the jury sitting down W/S Members of the...
By: RuptlyTV
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Italy: Obama, Poroshenko judged for war crimes in Ukraine - Video
[News@6] Israel, suportado si US Pres Obama, laban sa ISIL [09|13|14]
Join PANGARAP.PH Online Video Competition Check out contest details at www,ptv.ph http://www.pangarap.ph http://www.facebook.com/pangarapPH ------------------------------------------------------...
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[News@6] Israel, suportado si US Pres Obama, laban sa ISIL [09|13|14] - Video