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Day including what's coming out of Washington President Obama is going after US corporations like caterpillar.
Procter & Gamble on Microsoft isn't going after them specifically.
But it has to do with this plan he has to close overseas tax loopholes and the president says his plan what outlaw three offshore tax avoidance techniques.
He by the -- used by these US companies which will raise about a hundred -- ninety billion dollars over the next decade.
Glenn Beck is here he started laughing because I haven't no laughing at me because that would be.
Clint being real would know -- not laughing you know I think if I.
I have just a hard time.
Thinking of Timothy Geithner saying.
We're gonna make sure that anybody who's doing anything overseas is paying their fair share of taxes -- leaking fuel to talk about a loophole.
It's Timothy did Turbotax Geithner.
Well he and he says that he had made an honest mistake I hop.
Right okay so let's let's just look at the the president here just talk a little bit about this plan on get your reaction on tires that.
Let's begin with a simple premise nobody likes paying taxes.
Particularly in times of economic stress.
But most Americans meet the responsibilities because we understand that it's an obligation of citizenship.
Necessary to pay the cost of our common defense and our mutual well being.
And yet even as most American citizens and businesses meet these responsibilities there -- others.
Were shirking this.
And many are aided and abetted by a broken tax system written by -- well connected lobbyists on behalf of well heeled interests and individuals.
And going after the bad guys for the good guys for the sake of the good of a -- You can see the good of -- I am so sick of the sake of the good of assault.
And that that's I don't find that in our constitution any place I don't I don't even begin to understand this this new.
Socialist system that we're we're building here what specifically do you not like about this plant plan of the precedent that you think is being set and washing look I.
I don't have a problem I mean look.
If you if you gonna pay your -- if you have to pay your taxes pay your taxes I don't like the fact I mean I I I don't like the fact that people.
Go out and you know they buy these big boats.
But my wife and I were up and Newport, Rhode Island we -- these people they were all -- with with Cayman island flags -- all Americans on this ship.
And I ahead it is said to my wife as we exited here you know we're on the docket were eaten fish sandwich and I said.
You know if pirates ever come and take those -- I'd like the navy just a pull up next to those -- and go.
Can't he had an American flag wanted to pay the tax on that we'd help yet but we can't really do it right now if you're gonna have to if you have to pay taxes pay your taxes do the right thing.
I I have a problem.
With everything that we're doing to companies right now it is like we're intentionally driving companies.
Out of the United States of America.
It's a story line that we're familiar with and I think our graphics department has worked at something special for you because we're so glad to have -- on the show.
This -- kind of age age old adage of you know rob from the rich give to the -- this kind of Robin Hood mentality.
But it works -- your politics it's a story that we know and we all apparently like.
Do we agree on that if they have if we look at the the above the overall readings of the president the approval of ratings and have a nice I don't know what went on -- -- We decide that there would be -- perfect -- If they it's great pick except he -- Geithner doesn't really look like an elf what.
And I think he looks like it I mean that an annual Levy a couple different that's better but it.
That's disturbing look here's -- here's -- here's the thing up I don't.
I don't understand.
My own countrymen anymore we knew we changed the world.
But now we are having -- when President Obama comes as his you know when I'm done you know Wall -- really not gonna play a role.
I'm no fan of Wall Street and fat cats and yeah -- -- really care.
Just do the right thing.
What we need to do is Foster people having an actual.
Decency bone in their body and then leave the government out of that we need to police ourself the government is becoming.
-- quite honestly I think the government is doing exactly what we did in in the in Italy with Mussolini.
-- -- we're putting a happy face on fascism.
Now they they can come in and they can bully companies they can come in and use the IRS is a weapon who's going to turn this country around.
Plus sending -- had a -- -- we only have about clip from thirty seconds here in New York Times is an article about him these tax loopholes one of the components left out is the consumer because in the end who gets -- -- with trying to shoulder some of these tax.
It's the same thing with cap and trade I tell you -- It's almost like these people are intentionally trying to destroy us you got to leave 70% of our economy is built on consumption.
You've got to leave the consumer money to consume.
And you have to be able to have somebody who's an entrepreneur -- that wants to build a new business is that Connie -- doing as if afraid.
I know I'm a capital that's a good thing I got that -- major happening right guys happening June 1 I think -- five or six different cities so -- it's and it's.
Try this of the size reason likes comedies because nobody in America understand that in what's called common sense.
Common sense common.
We're gonna watch out for that watch I think it's a recession attraction is a great player show yesterday but we'll be watching today Glenn thank you very much.
Of course going back weekdays -- that we're not alone watching him.
Millions of other Americans to -- -- eastern times on --
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