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better

(884 posts)
Sat Dec 2, 2017, 07:06 PM Dec 2017

Unless I'm missing something, we're overlooking the single most egregious part of the tax scam.

SEC. 4202. REPEAL OF TREATMENT OF FOREIGN BASE COMPANY OIL RELATED INCOME AS SUBPART F INCOME.

Now according to my quick search, "The entire purpose of Subpart F is to prevent U.S. citizens, resident individuals, and corporations from deferring the recognition of otherwise taxable income through the use of foreign entities."

And Republicans just excluded oil related income from that statute, presumably so that recognition of taxable oil related income can be deferred through the use of foreign entities.

Taken together with the tax scam opening up ANWR for drilling, this paints a pretty stark picture, unless I am missing something.
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Unless I'm missing something, we're overlooking the single most egregious part of the tax scam. (Original Post) better Dec 2017 OP
Very interesting Freethinker65 Dec 2017 #1
The Carl Ichan Koch Brothers Wellstone ruled Dec 2017 #2
The Trump regime is all about exploiting oil and making lots of money off it. Sophia4 Dec 2017 #3
Russia has lots of oil. safeinOhio Dec 2017 #4
Big rich kiss to the Kochs, the uber employers/owners of The Repug Congress. stuffmatters Dec 2017 #5
 

Sophia4

(3,515 posts)
3. The Trump regime is all about exploiting oil and making lots of money off it.
Sat Dec 2, 2017, 07:32 PM
Dec 2017

That's the game.

That's possibly why Tillerson was appointed to Sec. of State.

Look at the people around Trump. It's about oil.

We need to try to switch to renewable energy as soon as possible.

Southern California, the Southwest in general should be entirely or as much as possible solar. There is no excuse for our extreme dependence on oil. We need far less of it out here than we are using.

stuffmatters

(2,577 posts)
5. Big rich kiss to the Kochs, the uber employers/owners of The Repug Congress.
Sat Dec 2, 2017, 07:44 PM
Dec 2017

Neither feel the need anymore to hide their antidemocratic agenda or their outright bribery anymore.

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