RE: House Vote on Corporate Tax Havens, refused.

American companies based on the US pay corporate taxes and contribute to our Treasury and help pay for America’s bills. Companies that decided to dodge their tax responsibility chose to move their business address elsewhere, making us pickup the tab that belongs to them.

Since a corporation’s main (and sometimes sole) purpose is to increase their bottom line, why would any US corporation decide to stay here? It is more expensive to remain ‘American’, putting them at a competitive disadvantage to those that bailed out to Bermuda and other tax havens.

In fact, to remain here is a bad decision under the present rules.This is the current state of affairs, one that Congress and the Presidency created: precisely the same people that swore to protect and defend America. If they don’t care about America, why should anyone else (including every single remaining American corporation)?

These are the people we elected because they promised to protect us and look after our welfare and interests.To use the people’s money to do business with these expatriate-of-convenience corporate former citizens is a disgrace and an affront to all Americans. These corporations that show no loyalty to the US are the same that ship the jobs overseas for the same reason they moved out their corporate headquarters to a mailbox in an island.

Their only ‘allegiance’ to America is to the American market where they dump their goods and services.Since the House sided with them, the process of expatriation of corporate headquarters will only accelerate; they have the green light, even the enticement, from our elected officials. Not to move out would be negligent, bad business practice and should lead to the firing of any CEO that is reluctant to joining the bandwagon.

Every day a corporation remains American, it lose money without any redeeming or equivalent benefit to their business. The message from Congress and the Presidency is clear: if you chose to stay here and pay our taxes you are stupid.

The bill defeated in the House was not meant to stifle international competition, as it was not directed to impede any foreign company from doing business here: it was directed only to American companies that chose to move out, with the only goal of avoiding paying our taxes.

Shame on those legislators that defeated this bill!