Is Delaney serving constituents or CEOs?
To the editor:
Is anyone paying attention to what U.S. Rep. John Delaney is doing? This is from his newsletter: “The proposal would allow multinational companies to bring overseas cash back to the United States without paying corporate income tax. In exchange, the companies would buy bonds that would be used to fund highway, energy and other infrastructure projects.”
Wow. What a deal. We get to finance them instead of them paying their share? Who exactly do you think pays the interest on municipal bonds? This is the sneakiest, most dishonest way I have ever seen to raise taxes on individuals and directly fund business. I am sure the CEOs love the notion of a guaranteed income stream in place of a tax bill.
We are being fleeced.