Pop Quiz: How to Get Corporate Weasels to Pay Their Share

Say it's not true, Mr. and Mrs. Wall Street Broker/Banker

Sen. Bernie Sanders (I-VT) is right on track and right on target with his proposal (discussed here) and this heart of the issue, as if a lot of us didn't already know:

Corporations offshoring profits costs both the federal government and states billions of dollars per year. One of the more egregious giveaways is known as “deferral,” which allows U.S. corporations to avoid paying taxes on overseas profits until they bring that money back to the US, giving them every incentive to leave it overseas permanently. 

According to the Congressional Budget Office (CBO), “The current tax system provides incentives for U.S. firms to locate their production facilities in countries with low taxes as a way to reduce their tax liability at home,” ultimately resulting in compensation for U.S. workers being lower.

More on the subject is here for further research, as well as in many other resource locations.

Note: Closing or eliminating that huge loophole would according to the Joint Committee on Taxation, “...the provisions in this bill will raise more than $590 billion in revenue over the next decade.”

This is a simple and common-sense way to solve a lot of our economic problems ... but, sit back and watch the GOP resist with all their might to keep this loophole as wide open as possible (they always do for the "job creators" right??? - trouble is the jobs are created off-shore for more corporate profits) as they seek more favors (e.g., more loopholes and favors).