Obama’s Latest Marxist Usurpation
But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism…..
No one is willing to look at the reasons why a business is leaving the US. Instead Obama is trying to claim ownership of private property. AKA: Confiscate it. That’s what a Marxist would do. Via Minnpost
“Retroactive,” no less.Jim Spencer in the Strib reports, “The Obama administration wants to stop corporate deals like a proposed Medtronic acquisition that could enable the company to save millions in U.S. taxes by shifting its headquarters to Ireland. Treasury Secretary Jacob Lew this week urged the finance committees of both chambers of Congress to push legislation that restricts the ability of U.S. corporations to move their headquarters abroad to lower their tax bills. Lew wants the law made retroactive to May, a move that could scuttle Medtronic’s proposed $42.9 billion acquisition of Dublin-based Covidien.” It’ll be fascinating to see who opposes that one.
I’m pretty sure its unConstitutional to pass a law aimed specifically at a person or designated persons, but the Constitution is treated like a sneeze guard, not barrier to out of control Government in the United States of America.
The only people that can do wrong in Obama’s America are businesses and corporations.
This Republic is in serious trouble if these long train of abuses and usurpations continue.