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Thursday, July 24, 2014

Where’s the media outrage? Democratic senator’s daughter uses maneuver to avoid US corporate taxes

I’ve always been fascinated by how politicians change their view when a family member is involved.

Their job, as professionals, is to weigh the evidence and arguments on all sides of an issue and reach a conclusion. Of course, we all know it doesn’t work in the civics-textbook way when lobbyists, donors and powerful special-interest groups are involved.

But how many times has an officeholder pushed for more funding to eradicate a disease that happened to strike a relative? Or softened or changed a position on same-sex marriage after learning that a son or daughter is gay?

The latest case in point is Sen. Joe Manchin. But the West Virginia Democrat finds himself in the uncomfortable position of opposing what his own daughter did.

Manchin’s daughter is Heather Bresch, the CEO of a generic drug firm called Mylan that makes big bucks from Medicare and Medicaid.

Last week, the company announced that it was renouncing its status as an American company and would be incorporated in the Netherlands. In other words, it would still be a U.S. company and milk the U.S. market, but avoid a whole lot of taxes.

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4 comments:

Anonymous said...

Don't understand why there would be any outrage. The politicians want to increase taxes beyond a breaking point for producers to pay for those who do not contribute economically to the country, and provide a lucrative government sponsored healthcare system for those whose feed that system at the lowest cost, and provide a means for those proviers/producers to avoid the overbearing confication of profits.

As long as our government takes a stance of punishing those who contribute to society and reward those who do not there will be abuse and means to avoid the punishment. To state there should be outrage over the avoidance of punishment defines one as a contributor to inequality.

Anonymous said...

good for her. taxes are too high in EVERY segment of this nation. smart woman. it's NOT illegal. so what!!!

Anonymous said...

Great post 10:09, really can't improve on your thoughts. Unfortunately not very many people are left in this country who believe in private enterprise/capitalism. Our own federal government looks down on non union businesses. We contribute to society by creating jobs and paying taxes. And we are rewarded for collecting and paying our employees withholdings with more taxes and regulation. Sometimes I wonder should I have gotten a job with the federal government years ago and slept my way to a huge pension and premium healthcare for the rest of my life like millions before me?

Anonymous said...

I can't pay my taxes, My Hard Drive Crashed, and Dog ate the paper receipts.