Jake, that you post propaganda is evident with this post. I went and read the article in washington post itself. What did not get posted is this piece of the article:
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Given the vast sums raised during the presidential campaign as well as the growing number of companies with offshore operations, it seems almost inevitable that candidates would receive contributions from some of them.
Bush has taken exponentially more from these companies than Kerry, though the president has not made a major campaign issue out of clamping down on them.
On Monday, Kerry was asked why two of his biggest fundraisers were involved with "Benedict Arnold" companies. "If they have done that, it's not to my knowledge and I would oppose it," Kerry told a New York television station. "I think it's wrong to do [it] solely to avoid taxes."
Then he sought to clarify his position: "What I've said is not that people don't have the right to go overseas and form a company if they want to avoid the tax. I don't believe the American taxpayer ought to be giving them a benefit. That's what I object to. I don't object to global commerce. I don't object to companies deciding they want to compete somewhere else.''
When asked for the definition of a "Benedict Arnold" company or CEO, Stephanie Cutter, Kerry's spokeswoman, said: "Companies that take advantage of tax loopholes to set up bank accounts or move jobs abroad simply to avoid taxes." She pointed to a list compiled by Citizen Works, a tax-exempt nonprofit group that monitors corporate influence, as a source on the companies that fit the candidate's definition.
According to federal election records, Kerry has received $119,285 from donors employed at what Citizen Works describes as the "25 Fortune 500 Corporations With the Most Offshore Tax-Haven Subsidiaries." The list does not include nearly all of the companies that shave their tax bill by moving jobs and operations overseas, so Kerry has actually raised substantially more from firms qualifying as "Benedict Arnolds."
Kerry has also received $20,100 in donations directly from individuals at companies with mailing addresses offshore to avoid paying U.S. taxes, records show.
"Senator Kerry has made it crystal clear that he's going to close these loopholes, forever," said Chad Clanton, a Kerry spokesman. "Nothing will stop him. Period."
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Bring It On. Make a strong case for Kerry for President. Thanks for the half post |
