Obama: U.S. should ‘embrace an economic patriotism that says we rise or fall together’


President Obama said Saturday that a loophole allowing companies to dodge U.S. taxes by moving their headquarters overseas is unpatriotic.

In his weekly address, Mr. Obama called on Congress to fix “tax inversions.” He said companies are essentially renouncing their citizenship to avoid paying their fair share.

“When some companies cherrypick their taxes, it damages the country’s finances,” Mr. Obama said. “It adds to the deficit. It makes it harder to invest in the things that will keep America strong, and it sticks you with the tab for what they stash offshore.”

The president said the best way to address the problem is through tax reform that lowers the corporate tax rate as he proposed in his budget.

“Rather than double-down on the top-down economics that let a fortunate few play by their own rules, let’s embrace an economic patriotism that says we rise or fall together, as one nation, and as one people,” he said.

22 Comments - what are your thoughts?

  • Alana Marie Woolard says:

    Funny how all of a sudden it’s We instead I or the Democratic Parrty?

  • regulus30 says:

    what is un-patriot is the ass666hole potus being an UNCONSTITUTIONAL PIG…..

  • lynnk says:

    THE ONLY THING THAT WILL FALL.IS HIS SORRY A$$ FALLING OFF THE CHAIR WITH A NECKTIE ! ! ! ! !

  • mitchell says:

    Obama, don”t care how stupid. he is,he knows he has over 2 more years to finish screwing up this country.I have never seen any Pres, make so many blunders as he has, they just keep coming.Count on it, they will more tomorrow.

  • Concerned says:

    Clearly our President has “zero” business back-ground. His rhetoric promotes economic patriotism, but his actions are totally opposed to this!! He wants to keep raising taxes to incentivize U.S. companies to move off-short and will not even discuss the real incentives that keep them here, reduce taxes — is this crazy?? Energy is the strongest industry in the U.S., yet he is killing coal via the EPA, does not allow fracking on public lands, does not approve licenses for off-short drilling, yet helps fund / approve Mexico and Brazil. To cap it off, he does not help approve the Key Stone pipeline, and now Canada has committed to ship to Asia-Pacific (China, Korea, or Japan). The U.S. could be a major energy exporter. A simple add-up of all the jobs being killed or lost are well over 1M and perhaps as many as 2M.

    1. I Seigel says:

      Forty years ago Congress passed a law severely restricting US crude oil exports. Congress has said they’re not in a rush to lift those restrictions. Our exports of natural gas continue to rise. Coal is also being transported to west coast terminals for shipment to China, among other places. So much of your criticism is just plain wrong.

      As for Keystone – this is Canadian crude. It’s not US energy. Canada simply wants to use our land to get THEIR oil to ports. The jobs for the US only involve building it. BUT there are MANY people in the way of the pipeline – in Kansas, in Texas and Oklahoma – who are fighting to keep it off their lands.

      So please try to allow your ideology to chill a minute so that you can absorb some FACTS.

  • Liberty says:

    This is the same guy who said you didn’t build your business by yourself. The do-nothing disorganizer needs to ride on somebody else’s coat tails, whether it’s up or down.

    1. I Seigel says:

      I’m still trying to figure out what was wrong with his statement. Anybody care to clue me in?

  • 1commonjoe says:

    Lets embrace patriotism, time for obama to fall and take the liars with him.

  • Vicki Roman says:

    Sure, and what about the family with an income below $250,000 will NEVER have their taxes raise. The lying sack of s*@t.

  • Vicki Roman says:

    The antichrist wants us to go down with it???

  • Indian Carpenter says:

    It is a relief to see that we as a society are all realizing that this president is an embarrassment and a threat to America, and Americans.
    Together we FALL! This is where this Pied Piper is taking U.S..
    He is of Islam! He is in disguise!
    Actions speak loudest! His words are constantly of DECEIPT!
    HIS PRESIDENCY IS OF DECEIPT!
    We must be wise in moving forward in the elections America……..

  • James in Texas says:

    With the “clear understanding” of his being the one nation and the one peoples! This person has no basic soul, and does not care for any other person or thing on the planet, except himself, Period!

  • BigC says:

    His plan to destroy the USA by bankrupting it in the name of humanity is sheer brilliance and working like a charm, thanks to the bleeding-heart libtards, who believe everything their messiah says and think there’s a never-ending pot of gold in the backyard of the White House……………….IDIOTS!!!!

  • Blackjack6 says:

    Give me more money, give me more money. I don’t have enough money to do what I want, I want more money, I WANT MORE MONEY. IF YOU DON’T GIVE ME MORE MONEY I AM GOING TO HOLD MY BREATH. What a waste of flesh and breath.

  • Vince says:

    Sure he knows he’s falling and wants to suck all with him down that black hole As far as I’m concerned he will be the only one falling if prefer seeing him hung for treason

  • I Seigel says:

    Ah, but no comment so far about the content of what he actually said. Just criticism that he exists.

    1. CTH says:

      Whatever it was that he actually said was, as usual, another damn lie.

      1. I Seigel says:

        You can tell he’s lying if his lips are moving. Yeah, right. Got it. Nothing about the subject matter though?

  • As usual, Minnie raves while Micky rants!! And Goofy Biden accomplishes
    both!! Hot stuff

    1. As usual, Minnie raves while Micky rants! And Goofy Biden accomplishes both!!

  • CTH says:

    Who knows better than obutthead what damages the country’s finances as he has been doing for now over five years. What an evil jackass.

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