Obama is even more Crazy. He wants 4 Trillion in New Spending and mandatory new taxes

Discussion
1

Obama wants to require and force companies who have earned profits overseas
to bring those profits to America and pay taxes here on their profits over
there, even though they have already paid taxes over there.

Obama is already forcing US citizens and green card holders who live and
work over seas and have not been here in years to pay taxes here on the
money they earn over there.

This will obviously lead to retaliation internationally. There is no way
that foreign countries are going to allow money to be taken out of their
countries just to pay for Obamacare and all the other expensive Obama
programs here.

Sam Sloan

This time, the budget will call for a one-time 14 percent mandatory tax on
the up to $2 trillion in estimated U.S. corporate earnings that have
accumulated overseas. That would generate about $238 billion, by White
House calculations. The remaining $240 billion would come from the federal
Highway Trust Fund, which is financed with a gasoline tax.

Read Latest Breaking News from Newsmax.com
http://www.Newsmax.com/Newsfront/public-works-program-obama/2015/02/01/id/621933/#ixzz3QX6p9RBx

2

In my humble view, it is not just Obama who has gone crazy. Rand Paul and Barbara Boxer have introduced similar legislation; however, theirs would tax at 6% with funds earmarked for the Federal Highway Trust Fund. In other words, keep the corporation tax high enough that corporations will stash funds overseas (obviously), engage in occasional wringing of hands resulting in a "tax amnesty," just so corporations will stash their funds overseas and repatriate when they see a tax amnesty. Nuts!

And what is a "libertarian" doing with the Federal Highway Trust Fund anyway? Growing the Federal bureaucracy?

http://www.usnews.com/opinion/blogs/pat-garofalo/2015/01/30/rand-paul-and-barbara-boxer-team-up-on-zombie-corporate-tax-cut-highway-plan

Marcy