Oregon’s Ron Wyden is so bent out of shape about tax inversion that he said this of the federal tax code:
“[it is a] rotting economic carcass that’s infected with chronic diseases like loopholes and inefficiencies”
I agree, though I disagree that corporate tax inversion is the biggest or even a moderately important part of the disease.
Regardless, my point here is to note that Senator Wyden would have been more accurate in stating that Congress is: “a rotting carcass that’s infected with chronic diseases like blowhards and inefficiencies”.
As the reporter points out in the concluding paragraph:
In the meantime, expect to hear the word “inversion” bandied about in the upcoming Congressional elections. Because nothing sways Midterm voters more than finger pointing over corporate tax evasion.
Yes – if Congress is good at anything, and perhaps it is the only thing they are good at, it is getting (re)elected.