Published: Wednesday, January 30, 2013, 12:01 a.m.
Blame Congress, not corporations
Ever since I had a conversation with another tenant in my building who was voicing concerns about all the taxes Boeing does not pay, I've been giving it a great deal of thought. We can't blame Boeing or any other corporation. They are just taking advantage of the tax law that favors all of them. The blame is squarely on Congress, both the Republicans and the Democrats and the system that allows the lobbyists to spend and contribute hundreds of millions of dollars to get favorable tax laws passed. G.E. spends $100,000 a day, yes a day, to lobby instead of paying taxes. There is a great deal of finger pointing these days that the Republicans favor the big corporations. Actually, it's an equal opportunity situation involving both parties. They all accept donations and favors from lobbyists of these big corporations. Because they put their dollars into lobbying efforts instead of paying taxes, the increase in tax revenue falls on the taxpayers while the lobbying and payoffs continue.
Just like me, I am assuming that all of you have retirement accounts and investments, probably some in mutual funds which have many big corporations in the mix. And, you expect to get a good return from your investment. When my accountant does my taxes I expect him to use every legal deduction in my favor. I'm sure you do too. None of us would say, I want to pay more. Shareholders of corporations expect the same.
Don't blame the corporations for doing what the tax law allows them to do. Put the blame on the system and hold our members of Congress who pass the laws responsible for passing these inequitable and discriminatory rules. Boycotting company products is ludicrous and will not have any impact. What will have an impact is tax payers demanding that their representatives in Congress do the right thing and truly represent their constituents not just big corporations who contribute to their campaigns.