I think it couldn't have happened at a better time. With the Pres trying to shove yet another stimulus package through.
Listening to the show this morning, I was encouraged to hear that many Democratic business owners are really bothered by the new proposal and are finally coming to the realization that Obama has no earthly idea how business actually works.
Also, Paul Ryan was on, saying how the GE thing was absolutely wrong and needed to be corrected ASAP.
His basic point was that if we can close these loopholes and get rid of the tax-shelters, we could actually LOWER the tax-rate on everyone and still get more revenue. Which is really what needs to happen.
He also echoed the sentiment we have been discussing, of creating an environment to lure businesses back to the US.
In the US, businesses (that actually pay taxes ie not GE) pay an average of 34% in taxes at the Federal, State and Local level, but in most other countries that number is about 20%.
That's quite a big difference. No wonder companies ship jobs elsewhere.