Corporate Tax Dodgers Rankling The U.S. Government

The CBS News program "60 Minutes" aired a segment yesterday, exposing American companies that have relocated their headquarters, sometimes only on paper, to European nations, to avoid paying the 35% income tax rate in the United States. Many of their CEOs and upper level management still live in the States.

Google, Facebook, Pfizer, GE, Cisco are among the American corporations that have relocated to countries such as Ireland and Switzerland, to avoid full domestic taxes, while maintaining offices of various sizes in the United States. It is estimated, America has lost 100,000 jobs and $1 trillion dollars, due to this practice.

The United States GDP is currently $14.5 trillion dollars. Regrettably, so is the national debt, thanks to the latest hike in the debt ceiling, which created an S&P downgrade of America. The U.S. government does collect trillions in taxes, but as stated numerous times on the Judiciary Report, some of the funds are going to fruitless, wasteful programs and initiatives.

Many countries would love to have a GDP as high as $14.5 trillion, yet the government, for reasons known to them, can't make it work, as written about in the article "Is $14.5 Trillion Not Enough Money." How can they not make that work, when that's so much money coming in (regarding their cut of corporate revenues).

The Judiciary Report finds it very alarming that the government can't make a success on their end out of such a successful GDP. Something is wrong there (government management). Serious questions need to be asked, because with all the money coming into the national treasury, America should never have reached the point of landing in an unprecedented financial crisis (2008 to the present) that has rivaled and surpassed the Great Depression in some respects. The system is broken and needs to be fixed.

Is $14.5 Trillion Not Enough Money

UPDATE: The line "Any government in the world should be able to make due on $14.5 trillion dollars in income per year" should have stated "Any government in the world should be able to make due on $14.5 trillion dollars in income per year (their cut thereof)" and has been fixed.

Why Can't Washington Make It Work

Barack Obama

The GDP of the United States of America is approximately $14.5 trillion dollars, which is a significant sum of money. Yet, Washington felt the necessity to raise the debt ceiling, to negative results, claiming they could not make due on that amount. They claimed it would leave vital national bills unpaid, if they did not increase the current threshold of debt.

The Judiciary Report finds those claims quite dubious. Any government in the world should be able to make due on $14.5 trillion dollars in income per year (their cut thereof). Excessive spending and financially wasteful expenditures is the problem. A lot of money is coming into the national coffers, which could address the nation's financial problems, but a large portion of that figure is being diverted to the wrong things.

First off, if the government eliminated the three unjustifiable wars it has running, many innocent lives would be saved, as well as trillions of dollars, which could be constructively used in America. Further budget cuts at the CIA, FBI and NSA, would prove very beneficial as well, due to the agencies' role in government, usually entailing starting trouble of some sort against innocent Americans or international citizens in the world, in violation of the U.S. Constitution.

U.S. House Speaker John Boehner and President Barack Obama

As the Judiciary Report sees it, 14,000,000 people should not be out of work and suffering, factories shutting, businesses going under, homes being lost to foreclosure, people wanting to go to university, but can't afford to, all so some can keep unjust tax breaks, illegal wars and unlawful surveillance running. A choice needs to be made now, regarding budget cuts and taxation on the rich, to turn the economy around or things will continue to deteriorate.

The other option is to do nothing and circumstances will make the choices for you, as in the nation completely running out of financial options and having to close a number of agencies (CIA, FBI, NSA) and initiatives, as the money simply isn't there to keep it running, with borrowing options extremely narrowing.

The government is playing a dangerous game in Washington, D.C. and it is one they are going to lose, if they remain on the current path they treacherously tread.

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