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Bill Clinton On Corporate Inversions: “This Is Their Money”

- October 11, 2015

In 2014, Bill Clinton “Expressed Sympathy” For Companies Using Inversion Transactions And Said “Like It Or Not, This Inversion, This Is Their Money.” “As many Democrats attack companies that take advantage of corporate tax inversions, former President Bill Clinton expressed sympathy for them. ‘Like it or not, this inversion, this is their money,’ Mr. Clinton said in an interview during the Clinton Global Initiative in New York.” (Amy Chozick, “Bill Clinton On Inversions: ‘This Is Their Money,’” The New York Times, 9/23/14)

  • Bill Clinton Further Defended Corporate Tax Inversions Offering That Companies “Feel Duty Bound To Pay The Lowest Taxes They Can Pay.” “When asked whether inversions — the practice of American companies acquiring a small overseas rival and reincorporating abroad to lower their tax bills — are unpatriotic, as many critics say, Mr. Clinton said that publicly traded companies, in particular, ‘feel duty bound to pay the lowest taxes they can pay.’” (Amy Chozick, “Bill Clinton On Inversions: ‘This Is Their Money,’” The New York Times, 9/23/14)

Bill Clinton’s Support For Inversion Transactions Has Been Viewed As “Dinging” The Obama Administration’s Efforts To Combat The Corporate Strategy. “During an interview with CNBC on Tuesday, former President Bill Clinton called to cut corporate taxes and give companies a break on money stashed overseas, dinging President Barack Obama's latest effort to combat corporate tax-dodging.” (Zach Carter, “Obama Will Probably Be Annoyed With Bill Clinton’s Latest Corporate Tax Proposal,” Huffington Post, 9/24/15)

The Populist Wing Of The Democrat Party Took Bill Clinton’s Comments “As Evidence That Hillary Clinton Will Pursue A Conservative, Corporate-Friendly Economic Policy Agenda.” “Bill Clinton's words, fairly or not, are closely associated with a potential presidential run from his wife, former Secretary of State Hillary Clinton. The burgeoning populist wing of the Democratic Party will see his comments as evidence that Hillary Clinton will pursue a conservative, corporate-friendly economic policy agenda.” (Zach Carter, “Obama Will Probably Be Annoyed With Bill Clinton’s Latest Corporate Tax Proposal,” Huffington Post, 9/24/15)


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