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WSJ Propaganda

Reducing Corporate Tax Games

The above article is an example of spin. The tax bill is a $1.5 trillion giveaway to the top 0.02%. The WSJ is emphasizing that under the proposed rules it is slightly more likely that some offshore profits will get taxed – at a much lower rate that is also far easier to access and thus serves as a perverse incentive to offshore by even medium and small companies. That is, the provision makes offshoring easier, more likely, and rewards it with lowers taxes. But the WSJ wants to trumpet that this is an “improvement” to Obama because some large tax-dodging entities may be slightly more likely to pay the lower rate.


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