• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Tax Deferral 101

    President Obama is proposing raising more than $100 billion in new taxes from American businesses by limiting their ability to defer tax on profits earned abroad.  The President believes that by penalizing them, U.S. companies will have more incentive to keep jobs in the U.S. rather than shipping them overseas.  Of course, that isn’t how it works.  In fact, this proposal could put U.S. companies out of business, by putting them at a competitive disadvantage to their international counterparts.  But this is all pretty complicated, so watch this video, courtesy of The Tax Foundation, for an easy two-minute explanation.


    Posted in Ongoing Priorities [slideshow_deploy]

    9 Responses to Tax Deferral 101

    1. ron arthun says:

      This was a very good explanation. I thought that we were just victims of "greedy" business!

    2. Barb -mn says:

      What the heck has anyone ever done to the president for him to intentionally and deliberately destroy the lives and businesses of this country?

    3. Pingback: » Financial News Update - 05/12/09 NoisyRoom.net: “Extremism in the defense of liberty is no vice. Moderation in the face of tyranny is no virtue.” Barry Goldwater

    4. Bob, Cincinnati, OH says:

      Great Information. To bad that the mainstream media will never share this information with its viewers.

    5. Lynn B. DeSpain says:

      This is what happens when we elect people to represent us who never in their lives, have actually worked in "Private Enterprise." Never worked for nor ran a private business. Never had to fill out their own taxes! You can only harvest what you plant, so what is it you expected?

      Start to think America, start to think!


    6. chuck, wyo says:

      Don't you know…All socialist/communists want control over the very things they can't control.

      In the OLD days we called it GREED.

    7. LW, Newport News VA says:

      In response to Barb-mm, when she asks what the heck has anyone ever done to this president for him to destroy America. Easy. He wants the wealth of this country returned to its RIGHTFUL owners, i.e. those who have achieved nothing. In Obama's view, those of us who have accummulated some money or property did not do so through hard work or delayed gratification. No-o-o-o. We STOLE it from those less fortunate than we are. Now it is payback time in the Obama world. By penalizing achievers, he will ruin our economy, (Can anyone say "Great Depression?") ignore the Constitution and scrap the few freedoms we have left. (Can anyone say "Communism?")

    8. Marshall Hill MI. says:

      Why do we allow this?


    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.