Elizabeth Sauls, of the Beaufort Observer, is my pick for most honest reporter around.
Here is just a tidbit of her commentary:
Here is just a tidbit of her commentary:
You simply must read the entire article.Then Monday morning, Obama dropped another bomb – he proposed a $190 billion tax increase on American companies. You're aware that Coke has bottling facilities everywhere but on the moon and that may yet happen, if we decide to develop a program of some sort there. Anyhoo, Coke has plants all over the world and they are run by citizens of the countries they are in. For instance, the companies operate as local businesses in local communities across Japan. The workers are Japanese, the managers and owners are Japanese. The profits are, mainly, Japanese.
Obama and his cronies want to tax Coke for the money made in the Japanese market. That's 'taxes' as in 'extra taxes' as in 'we-want-more-of-your-profits taxes.' Coca-Cola already pays taxes in Japan for a product made in Japan, delivered to stores in Japan and sold to the people of Japan. Obama wants Coke to pay US taxes on top of the Japanese taxes, which will make the price of Coke more expensive in Japan and they will sell less.
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