Tuesday, March 3, 2015

Obama Pro/Con







Pro's

* He created a new law known as FATCA or Foreign Account Tax Compliance Act. This helped close the Tax loopholes which forced most/some tax havens to report the financial information of big U.S corporations to the Internal Revenue Service. This forced corporations, previously paying little or no tax to pay income tax.

* Eliminated Osama Bin Laden

Cons:

*Increasing Taxes in a bad economy is not bright. Especially when he has not generated/encouraged  manufacturing in the U.S and ban outsourcing. He also has not made a sufficient attempt to pay the $16,400,000,000,000 debt which is rising by $2,300,000,000 per day since 2012.

Obama Care: Many corporations such as Walmart exploit this program and instead of providing health benefits, they rely on the Government. Ultimately, the program is not beneficial to those who earn a small amount over the federal poverty Level are hit very hard because they do not qualify for gov't assistance. 




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