Shikha Dalmia on Obama's Nefarious Plan to Go After Foreign Earnings
The corporate tax "reform" proposed in President Obama's budget would make F.A. Hayek flip in his grave. The budget makes a fetish out of going after the trillion dollars in foreign earnings that American companies have stashed abroad.
But instead of simply cutting America's corporate rates, the highest in the free world, the administration has come up with a draconian scheme to make companies pay their "fair share" that won't bring back the money but will put America on Hayek's road to serfdom logic, notes Reason Foundation Senior Analyst Shikha Dalmia.