PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Glenn Petersen who wrote (390800)	4/12/2003 1:43:34 AM
From: Cogito	Read Replies (2) of 769670

All - How do you feel about the "Corporate Patriot Enforcement Act"? This is a bi-partisan bill that was introduced in both the House and Senate, designed to stop American corporations from establishing themselves as foreign companies by opening "offices", sometimes little more than a P.O. Box, in places like Bermuda, thus avoiding paying billions of dollars in U.S. taxes. The names of some of the companies that have done this might surprise you. I'll pick a few at random: Halliburton, Tyco, Accenture. Halliburton increased the number of its off-shore tax-sheltered subsidiaries from 9 in 1995 to 44 in 1999, so that instead of paying taxes, it began collecting rebates from the U.S. government. Yet the company continues to receive lucrative Federal contracts. American soldiers are dying in Iraq. Though they are certainly deriving benefits from this war, which our country is going into debt to finance, Halliburton isn't willing to pay one penny in taxes to support it. The situation reminds me of something a great man once said. "There can be no effective control of corporations while their political activity remains." Thoughts, anyone? - Allen

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