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we need a global minimum tax – Sperling, Obama White House

“[Obama] supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, as we have the Buffett Rule and the individual tax reform, we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens,” Gene Sperling, director of the White House’s national economic council said.

 

I guess the in the United States 47% who pay no taxes are going to see their taxes go up a lot.

So much for the Obama White House not wanting to raise taxes.

 

invent a method of embalming drowned persons, in such a manner that they might be recalled to life at any period, however distant; for having a very ardent desire to see and observe the state of America a hundred years – Benjamin Franklin

 “I wish it were possible …to invent a method of embalming drowned persons, in such a manner that they might be recalled to life at any period, however distant; for having a very ardent desire to see and observe the state of America a hundred years hence, I should prefer to an ordinary death, being immersed with a few friends in a cask of Madeira, until that time, then to be recalled to life by the solar warmth of my dear country! But…in all probability, we live in a century too little advanced, and too near the infancy of science, to see such an art brought in our time to its perfection”. 1773, Benjamin Franklin to Jacques Dubourg.

Rick Santorum’s only hope

Rick Santorum’s only hope right now is to team with Newt Gingrich.  Santorum needs to talk to Newt and say, “look, we need to team up.  You and I on the ticket together. Right now.  Otherwise Mitt Romney ties up the nomination in April.”

Will it happen?  Doubtful, but if not, there is little chance for Santorum in the long term.

(Of course he could do the same with Ron Paul, however the differences in their positions make that seem unlikely).