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Donald Trump came into office and killed the . ...[T]hat partnership had serious flaws. It was written in secret, by corporate lobbyists and by lawye… - David Cay Johnston
" "Donald Trump came into office and killed the . ...[T]hat partnership had serious flaws. It was written in secret, by corporate lobbyists and by lawyers involved in the trade business. It was so secretive that when my congresswoman, , having seen what I wrote, wanted to read what was in there... she said "Yea, it's all written... in language that doesn't mean anything to me," and Louise has a PhD in microbiology. ...It's written in the language of people in the trade, not to be understood by mere mortals.
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About David Cay Johnston
(born December 24, 1948) is an American investigative journalist and author specializing in economics and tax issues. He won the 2001 , and from 2009 to 2016 he was a Distinguished Visiting Lecturer at Syracuse University, Martin J. Whitman School of Management and College of Law, teaching tax, property, and regulatory law of the ancient world. From 2011 to 2012 he was a columnist for , writing, and producing video commentaries on worldwide issues of tax, accounting, economics, public finance and business. In recent years he has also written for and , and is the board president of , Inc. (IRE).
Also Known As
Birth Name:
David Cay Boyle Johnston
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DC Report
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Additional quotes by David Cay Johnston
Since the corporate income tax began in 1909, Congress has imposed a penalty tax, currently 15 percent, on excess cash and near-cash... Without such, a corporation could... become a huge tax shelter, withdrawing resources from the economy instead of investing in new plant...equipment... jobs and paying dividends... But President Reagan signed a law that... so long as the money was owned by offshore subsidiaries, American companies could hold unlimited amounts of cash. ...[C]ompanies now siphon profits out of the United States under the guise of... tax deductible expenses...
What about competent managers? ...Vladimir Putin seems to be a reasonably competent manager... the leader of the biggest international gang in the world. These are the criminals who stole the wealth of the old Soviet... and the way that criminal gang leaders work... "This is your territory, that's your territory. Don't bother me. If there's a problem I'll intervene. If necessary I'll have one of you wacked. Because I want to do what I want to do." By the way, that's the way the s operated in Egypt. "I don't want to deal with people's petty problems." So they set up the equivalent of a modern wage and hour court in 1350 BC. You delegate... you set certain boundaries. That's how tyrants operate.
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