American corporations that keep profits earned overseas can indefinitely keep that money out of the country in order to avoid paying American taxes. Former HP CEO and current John McCain campaign spokesperson Carly Fiorina says that gives companies an incentive to develop factories and jobs in markets abroad. Rather than close the loophole, Fiorina says it's better to lower the taxes. But then I have to ask, how will we pay for those wars overseas? I mean, besides slashing the social safety net and borrowing more money from China? The clip above is part of a longer interview with This Week with George Stephanopolous that ran yesterday morning. Her comments on McCain's environmental policy mirrored those made by the candidate at a whistle-stop in Oregon today.
Submitted discussions can be approved by the author or users followed by this blog.