Obama prods Congress to fix corporate loopholes

By NEDRA PICKLER

(KANSAS CITY, Mo., AP) — President Barack Obama is prodding Congress to close corporate tax loopholes and take other action before going on summer break this week instead of trying to sue him.

House Republicans are poised to vote to authorize a lawsuit against the president for overstepping his constitutional authority. The White House is calling it a “stunt” and says Obama plans to address it in a speech Wednesday at Kansas City’s historic Uptown Theater.

The White House says he will argue that lawmakers instead should take actions like closing tax loopholes that encourage corporations to move operations overseas. Obama says the “tax inversions” are wrong even if they’re legal.

Obama went out for barbecue Tuesday night with four Kansas City residents to highlight the struggles of working Americans.

Posted by on July 30, 2014. Filed under National News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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