OxBlog

Wednesday, February 25, 2004

# Posted 10:58 PM by Ariel David Adesnik  

NOW WHO'S THE BENEDICT ARNOLD? You can't accuse the WaPo of going soft on Kerry. Just look at this:
Sen. John F. Kerry (Mass.), the front-runner for the Democratic presidential nomination, frequently calls companies and chief executives "Benedict Arnolds" if they move jobs and operations overseas to avoid paying U.S. taxes.

But Kerry has accepted money and fundraising assistance from top executives at companies that fit the candidate's description of a notorious traitor of the American Revolution.

Executives and employees at such companies have contributed more than $140,000 to Kerry's presidential campaign, a review of his donor records show. Additionally, two of Kerry's biggest fundraisers, who together have raised more than $400,000 for the candidate, are top executives at investment firms that helped set up companies in the world's best-known offshore tax havens, federal records show. Kerry has raised nearly $30 million overall for his White House run...

When asked for the definition of a "Benedict Arnold" company or CEO, Stephanie Cutter, Kerry's spokeswoman, said: "Companies that take advantage of tax loopholes to set up bank accounts or move jobs abroad simply to avoid taxes." She pointed to a list compiled by Citizen Works, a tax-exempt nonprofit group that monitors corporate influence, as a source of the companies that fit the candidate's definition.

According to federal election records, Kerry has received $119,285 from donors employed at what Citizen Works described as the "25 Fortune 500 Corporations With the Most Offshore Tax-Haven Subsidiaries." The list does not include nearly all of the companies that shave their tax bill by moving jobs and operations overseas, so Kerry has actually raised substantially more from firms qualifying as "Benedict Arnolds."
As if that wasn't bad enough, here's Kerry's lame excuse for his hypocrisy:
On Monday, Kerry was asked why two of his biggest fundraisers were involved with "Benedict Arnold" companies. "If they have done that, it's not to my knowledge and I would oppose it," Kerry told a New York television station. "I think it's wrong to do [it] solely to avoid taxes."

Then he sought to clarify his position: "What I've said is not that people don't have the right to go overseas and form a company if they want to avoid the tax. I don't believe the American taxpayer ought to be giving them a benefit. That's what I object to. I don't object to global commerce. I don't object to companies deciding they want to compete somewhere else.''
Of course the real victim here is Benedict Arnold. It just isn't fair to associate his name with outsourcing, since he was a living example of how enterprising Americans could persuade foreign investors to create jobs on American soil. Did the British hire some cut-rate Indian espionage firm to spy on the Continental Army? Hell no!
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