Now the Left is apoplectic with the President leading the charge. I find it laughable for a man who has no clue about what patriotism is, clearly from his demeanor and actions, to criticize a successful company for trying to improve its bottom line.
Burger King has thousands of American franchise units that will continue to operate as they have in the past. They will pay local, state and federal taxes and continue to employ thousands. The only change is the location and tax situation for the corporate headquarters. And if Mr. Obama wanted to be patriotic, he would do something to lower the U.S. corporate tax rate, the highest in the Western world. Hey, Mr. Obama, why don't you get on the Fair Tax train? We'd be awash in money.
By relocating the corporate entity, Burger King can reduce its corporate federal tax from 40% to 26% instantaneously. What's wrong with that? After all, the rest of the world realizes that more revenue comes from lower taxes while the United States still lives in the old tax and spend world that is taking us down the tubes. We tax more, business leaves and yet we just keep printing worthless greenbacks.
And there's another little tidbit about this that the media doesn't want you to know. Guess who is masterminding the deal by providing the cash to make it happen? Why none other than Warren Buffett, Mr. Obama's good buddy and tax manipulator who always says he wants to pay more taxes yet always avoids them. Hey, Warren, there's an option on your tax form which allows you to send a check for whatever you want to the feds in addition to the taxes paid. I would urge you to use that option and leave the rest of us alone.
And to Burger King I say: "Have it your way". Now let's go have a Whopper with fries. A little bit of extra cholesterol every now and then won't hurt you. If only we could have a little common sense in Washington.