Obama Should Make Corporate Tax Inversion a Campaign Issue

Category: Obama

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.

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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

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September 16th, 2014
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