today at the members of our national follow-through on closing some tax
loopholes and i was interesting about the way these people for ted it's
talking to people who have a taxes by setting up offshore businesses
and %uh and that's that that's the sort of the main thrust of legislation that
he wants to go through
what's surprise for america to make would want that to that
well i a circle me me me me
republicans interceptor that they're fighting against this
i think %uh normal politics right now they don't like him completely forgotten
politics there are good at politics another
now they're going to get something that is closing tax loopholes for all
forgotten they say it well first of all %uh
it's you know it makes for a process for publishers diarrhea
there's little taxes fossil
and maybe i it makes sense for me to try to pay as much as little taxes as well
but there's a single tax avoidance unified set of something in the cayman
islands
support whatever it was rejected in favor of this year
j u_s_ subsidiary kate i was made all that money is a paid any taxes
you know what my ass or wind up
in jail right but instead all these companies do that and the republicans
aidan abet them they support them in doing it and then now there's another
line of attack the republicans have is off but yeah but they're corporate tax
rates are thirty five percent are so high you know
in america that that that's you can't blame them from trying to avoid these
taxes
were being cut by singaporean
by the way of saying this she on your job yes
and so is it important that you know the facts are some erosion we're just
postponing the payment of the taxes too
this is the postpone and postpone and postpone and postpone itself
it does is never get hit the axis of when they got the storm to wander all
bombers to plan
okay thanks for that you're going to pay them right like the rest of us to
incident is an automatically and later disoriented paper as soon as i said it
was fun and we thank you of your future tax debt
if you look this is also is a little over two hundred billion dollars that in
reality he went after all the taxi vans in
you know and you went as far as you could you get over trillion dollars that
leo straight
what or bombers doing is saying hey look
women keep this reasonable we moved one step at a time but i'm gonna need you to
go ahead and start opening the law and paying the taxes that you're supposed to
eight and it's a pop i think it's going to be enormously popular position yeah
and i think the republicans keep setting themselves up for failure
by taking these unbelievably unpopular positions
one more quick
you know at evidence of that the guys that we took our top money to bail out
money
%uh are the banks obvious citigroup for example claims that they have four
hundred and twenty seven
four subsidiaries
that actually don't have offices by the way like you can have a real
subsidiaries in europe and asia cetera %uh ninety of them are the cayman
islands at one address
%uh bank of america has fifty nine %uh
cayman islands although right at and this is one place called apartment house
comprehensive right
it has todd here this is awesome
eighteen thousand eight hundred and fifty seven businesses registered
bt bells airmen atmosphere
the huge buildings that was a big is really a lower
will certainly make in the moments brighton and the reason is courses
all they do is they set up a p_o_ box there right and then they claimed that
the company's actually centered in the cayman islands when in fact it doesn't
exist there at all sheet and wonder why they do that
and you look at that you think there's a politician who agrees with that
who's going to try to protect those companies and i get what a lot of people
say hey and democrats are homes have been protecting the corporate guys all
this time so you shouldn't use of surprises but now that it is not drizzle
bomb is made public began work on a nappy
and for them to come out overshadows the republican party and it's a no yet we
are on the side of the corporations robbing you blind and they're talking
heads of the republican side right now at the same war you know we've said that
he was gonna raise taxes and he's raising taxes
this is raising taxes is collecting taxes without raising taxes