““President Obama has denounced companies that have elected against imposing unnecessary tax burdens on themselves as “corporate deserters” and has demanded of them a show of “economic patriotism.” If such patriotism means acting in the best economic interests of the United States, then it requires us to engage in a deep and thoroughgoing reform of the U.S. tax code, which rewards political cronies and drives companies, capital, and jobs overseas. It takes a special kind of stupidity to create a tax regime under which a fast-food hamburger company decides that Ontario is preferable to Miami.””
