Since I’ve been in Washington for nearly three decades, I’m used to foolish demagoguery. But the left’s reaction to corporate inversions takes political rhetoric to a new level of dishonesty. Every study that looks at business taxation reaches the same conclusion, which is that America’s tax system is punitive and anti-competitive. Simply stated, the combination of […]

An Obamacare tax under the bright light, another industry targeted by the Obama administration, and the real problem revealed by corporate inversions.

A festival of statist hypocrisy

Last August, I shared a list of companies that “re-domiciled” in other nations so they could escape America’s punitive “worldwide” tax system. This past April, I augmented that list with some commentary about whether Walgreen’s might become a Swiss-based company. And in May, I pontificated about Pfizer’s effort to re-domicile in the United Kingdom. Well, to paraphrase what Ronald Reagan said to Jimmy Carter […]