Sen. Rand Paul is outraged that Congress held a hearing to “bully one of America’s greatest success stories.” The Kentucky lawmaker believes Apple was unfairly targeted for trying to minimize its taxes, and that the company is owed an apology.
Ah, yes, a true American success story. Kids, work hard and study in school and maybe one day you too could be exporting jobs from America to countries with questionable labor practices and then pocketing the tax money with loopholes created exclusively for the benefit of the wealthy! AMERICA!
I just don’t buy this bullshit where companies and individuals try to look like saints by throwing their hands up in the air and saying, “Well, it’s not OUR fault we skipped out on paying taxes, we fully complied with the tax law! Who would want to pay more than they owe???” I believe Romney said something along those lines during the election. The people who create the tax laws are overwhelmingly wealthy individuals. Many tax exemptions can ONLY be taken advantage of if you’re wealthy (to wit: Romney’s $77,000+ tax refund for his wife’s horse). Corporations employ massive teams of accountants for the sole purpose of finding new ways to get out of paying taxes.
Then again, Congress doesn’t really have the moral high ground in this situation. They’re complaining that Apple took advantage of a tax code that they made, and that they can change if they want to. But they don’t want to. Because Apple and many of the other companies that enjoy corporate welfare subsidies are also major donors to political campaigns. It’s almost like money is toxic in politics or something.