In this week’s address, the President continued his call for our nation to rally around an economic patriotism that says rather than protecting wasteful tax loopholes for a few at the top, we should be investing in things like education and job training that grow the economy for everybody.
The President highlighted the need to close one of the most unfair tax loopholes that allows companies to avoid paying taxes here at home by shifting their residence for tax purposes out of the country. The President has put forth a budget that does just that, and he has called for business tax reform that makes investment in the United States attractive, and creates incentives for companies to invest and create jobs here at home. And while he will continue to make the case for tax reform, the President is calling on Congress to take action and close this loophole now.
Welcome to the West Wing Week, your guide to everything that’s happening at 1600 Pennsylvania Avenue, and beyond. This week, the President introduced an historic Executive Action in support of LGBT rights, continued to address the ongoing conflicts in the Ukraine and Gaza, hosted a Town Hall meeting in support of his My Brothers Keeper Initiative, signed the Workforce Innovation and Opportunity Act into law, and traveled to California to deliver his response to some very striking letters he’d received…in person