Republican Party to vote for repeal of U.S. anti-tax dodging law

[MagickMan]

You don't know what you're talking about (as usual), the Swiss banks are ALREADY bent over a barrel and kowtowing to the US government:

http://www.politico.com/story/2013/...tax-dodgers-department-of-justice-101211.html

Horseshit, as usual. "We're so scared, we'll send a letter!"

Yeah, I got one of those; "You may want to take the time to review your account information for your federal and state taxes." You're right, they're scared shitless. :whiste:

Humble,

You really should read the post by Phokus. The law appears to be effective and that is the problem. What we are seeing now is the blowback from the rich and powerful who are getting antsy. You can pretend that middle class people are affected by this but that is bullshit. The Republicans have never done a damn thing at the behest of the middle class. This illustrates with absolute clarity who the puppet masters are and who the puppets are.

Hahahahahaha!!

 

[Michael]

For some reason people want to talk out of their asses. I have been a very recent expat and have been an expat in the past. This law is a huge pain in the ass for regular Americans that live overseas. Many, many banks are refusing to do anmy business with Americans which makes it much harder to live a normal life in those countries.

The reason for the law coming into existence is fine (Swiss banks in particular were caught breaking the law on American soil), but the law itself was terribly written.

Michael

 

[Fanatical Meat]

For some reason people want to talk out of their asses. I have been a very recent expat and have been an expat in the past. This law is a huge pain in the ass for regular Americans that live overseas. Many, many banks are refusing to do anmy business with Americans which makes it much harder to live a normal life in those countries.

The reason for the law coming into existence is fine (Swiss banks in particular were caught breaking the law on American soil), but the law itself was terribly written.

Michael

I've heard this before, why does everything need to be all or nothing. How about instead of repeal we try to make it work by modifying it.

 

[HumblePie]

Then why don't the republicans propose a fix to the law? All they have wanted to do for the last 5 years is say no and repeal everything that did manage to get through.

Hey, they rather have nothing that wasn't hurting anyone, than try to find a "perfect" law that may never be "perfect." It is something I can understand to a degree. Same thing the ACA. It's far from perfect and has already had many problems thus far, many of which were forseen, and many of which yet to come. I'm not saying that the ACA should be repealed whole parcel as many republican would like to do. Again they rather have nothing. Personally I rather the government implement single payer system, or open up their own line of competing hospitals everywhere to drive down costs. But that is a different argument from this thread. Asking someone else to fix a mess you make is really not the smartest thing to do either.

 

[Exterous]

For some reason people want to talk out of their asses. I have been a very recent expat and have been an expat in the past. This law is a huge pain in the ass for regular Americans that live overseas. Many, many banks are refusing to do anmy business with Americans which makes it much harder to live a normal life in those countries.

The reason for the law coming into existence is fine (Swiss banks in particular were caught breaking the law on American soil), but the law itself was terribly written.

Michael

The biggest F you in all this? The Ways and Means committee expects this to raise $800 million a year. Thats it. All this shit, the fucking of millions of Americans who live overseas, the dicking with small to medium US businesses who want to expand, the expenditure of diplomatic power to get laws changed all for something that will add 0.0015% to the federal income (not counting the costs to run the program which has generate $0 in revenue despite costing money to run over the last 4 years)

And it has done exactly 0 to catch any tax evaders in 4 years and likely won't for the foreseeable future.

If it had been implemented better and didn't cost as much I would be fine with this. However, we have expended all this money and energy, pissing off other banks and countries for so little. This would been much better spent fixing the Tax Code which could easily have generated much more. Instead we made it more complicated and will generate much less if anything at all