There are more important defects in the resume of the nominee to run Treasury
NY Times:
The reason the Ugland House exist is because we have a tax code that is unfair to the rich and to corporations. If the country accepted Romney's tax reform proposals which include adjusting the rates at the same time deductions are limited it would put the Ugland House out of business. Democrats are not smart enough to either grasp that point are they just don't care. They are a greedy party when it comes to collecting other peoples money which they in turn use to spend on vote buying schemes disguised as compassionate.
Lew’s Cayman Islands Fund a Likely Issue at Confirmation Hearings
As recently as 2010, Jack Lew, President Obama‘s nominee to be the next secretary of the Treasury, had $56,000 invested in a CitiGroup venture capital fund based in the Cayman Islands’ notorious Ugland House, a building whose mailboxes are home to nearly 19,000 corporate entities, many of them tax shelters.
The investment has been in public documents for years and drew no attention when Mr. Lew was confirmed to be deputy secretary of state in 2009 and director of the White House Office of Management and Budget in 2010.
...Lew's most serious defects are caused by his poor interpersonal skills. He maybe one of the few people in Washington who is a worse negotiator than Obama. Neither know how to get to yes but seem to be affronted when they keep offering deals to the GOP that are easy to refuse.
The reason the Ugland House exist is because we have a tax code that is unfair to the rich and to corporations. If the country accepted Romney's tax reform proposals which include adjusting the rates at the same time deductions are limited it would put the Ugland House out of business. Democrats are not smart enough to either grasp that point are they just don't care. They are a greedy party when it comes to collecting other peoples money which they in turn use to spend on vote buying schemes disguised as compassionate.
Comments
Post a Comment