The chairman of the world’s largest consumer products maker says a provision in President Barack Obama’s budget proposal regarding income made overseas would cost American jobs and give foreign businesses an unfair advantage.
A.G. Lafley, chief executive officer of the Procter & Gamble Co., said a proposal to limit or end deferred payment of taxes on foreign income would lead to job cuts and higher prices for American consumers and would cost companies billions. Source: MSNBC
Did MSNBC slip-up and report this? I have been saying all along that when taxes are raised on companies that they would farm the taxes on down to the consumers and thats means not only the rich and middle class income but also the poor and low income will be paying more for needed products and food!
I need to keep asking, are you better off today under the Obama rule? I say NO!