Wintery Knight

…integrating Christian faith and knowledge in the public square

Burger King leaves U.S. 35% corporate tax rate for Canada’s 15% corporate tax rate

Prime Minister Stephen Harper

Prime Minister Stephen Harper: all your base are belong to us!

Wow, I really hate Burger King, but this latest move leaves me very confused. Maybe I have to eat there now?

The Chicago Tribune reports on it.

Excerpt:

Canada has become the latest frontier for U.S. companies fleeing the high cost of business, spurred by low corporate taxes and a policy that keeps international earnings out of the clutches of the Internal Revenue Service.

Burger King, the second-largest U.S. burger chain, agreed to acquire Oakville, Ontario-based Tim Hortons on Tuesday for about C$12.5 billion ($11.4 billion) in a deal that creates the world’s third-largest fast-food chain and moves its headquarters in Canada. It’s “not fair” that companies can renounce their U.S. citizenship by filling out paperwork, a White House spokesman said Monday.

The deal for Oakville, Ontario-based Tim Hortons follows Valeant Pharmaceuticals’ merger with Canada’s Biovail in 2010, which sparked the latest so- called tax-inversion wave.

Burger King is unlikely to be the last U.S. company to consider moving north even as President Barack Obama and his aides try to curb the practice, tax experts say. In addition to avoiding U.S. taxes on global earnings, companies like Burger King can take advantage of Canadian tax rates that have been cut by about a quarter in the past eight years.

“We have now made it a lot more attractive for companies to say Canada is a good place to set up shop,” said Jack Mintz, director of the University of Calgary’s School of Public Policy.

[...]Lower corporate taxes may also be an attraction for foreign companies. Canada began cutting its federal corporate tax rate in 2001 under the previous Liberal government. Prime Minister Stephen Harper then took up the baton, dropping the rate in several steps to 15 percent in 2012. Combined with provincial rates averaging 11.5 percent, Canada’s rate of 27 percent is now the second-lowest in the Group of Seven countries behind the U.K.’s 21 percent, according to auditing and tax firm KPMG.

Canada’s combined rate is still above the 24 percent average for the Organisation for Economic Co-operation and Development, according to the report.

Low corporate tax rates helped the country rise to second place in a Bloomberg ranking of best countries for doing business in January, behind only Hong Kong.

“We are proud that our low tax environment in Canada attracts businesses,” Carl Vallee, a spokesman for Harper, said by email on Monday.

The U.S. corporate tax rate is the highest in the world. It warms my heart to think that corporations are moving out to Canada. And I hope they take the jobs with them, because that’s the only way people will learn to elect presidents who understand economics. Our leader is out of his depth trying to run this country, and is only able to his economic failures by borrowing trillions and trillions of dollars from our children. Anybody can appear competent if they borrow and spend that much money, but it’s a bubble, just like the housing bubble his party caused. Canada’s prime minister has a BA and MA in economics – he actually knows how economies work. We could have picked someone qualified, but we didn’t.

I fully expect Obama to whine like a little girl about this, and call Burger King “unpatriotic”. This is loser talk, because he is a loser. The limit of his knowledge of economics is that he makes snarky speeches insulting people who disagree with him. Why did we elect this stand-up comedian? Is that what a President is supposed to do?

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When the U.S. military retreats: ISIS beheading Christian kids and kidnapping sex slaves

Fox News has the story, I doubt the rest of the anti-war leftist news media will cover this story – because they caused it. They wanted it. They lobbied for it.

Excerpt:

Hundreds of women from the Yazidi religious minority have been taken captive by Sunni militants with “vicious plans,” an Iraqi official said Friday, further underscoring the dire plight of Iraq’s minorities at the hands of the Islamic State group.

Kamil Amin, the spokesman for Iraq’s Human Rights Ministry, said hundreds of Yazidi women below the age of 35 are being held in schools in Iraq’s second largest city, Mosul. He said the ministry learned of the captives from their families.

“We think that the terrorists by now consider them slaves and they have vicious plans for them,” Amin told The Associated Press. “We think that these women are going to be used in demeaning ways by those terrorists to satisfy their animalistic urges in a way that contradicts all the human and Islamic values.”

The U.S. has confirmed that the Islamic State group has kidnapped and imprisoned Yazidi women so that they can be sold or married off to extremist fighters, said a U.S. official who spoke on condition of anonymity because the information came from classified intelligence reports. There was no solid estimate of the number of women victimized, the official said.

Tens of thousands of Yazidis fled when the Islamic State group earlier this month captured the northern Iraqi town of Sinjar, near the Syrian border. The Yazidis practice an ancient religion that the Sunni Muslim radicals consider heretical.

The extremist group’s capture of a string of towns and villages in the north has sent minority communities fleeing for their lives. The Islamic state views Yazidis and Shiite Muslims as apostates, and has demanded Christians either convert to Islam or pay a special tax.

About 50,000 Yazidis — half of them children, according to U.N. figures — fled to the mountains outside Sinjar where many of them remain, trapped and running out of food and water. Late Thursday, the U.S. military cargo jets dropped humanitarian aid to the mountains.

Amin’s comments were the first Iraqi government confirmation that some women were being held by the group. On Tuesday, Yazidi lawmaker Vian Dakheel made an emotional plea in parliament to the Iraqi government to save the Yazidi people, saying the “women have been sold in a slavery market.”

President Obama said the humanitarian airdrops were made at the request of the Iraqi government as the Islamic State militant group tightened its grip on northern Iraq. In his remarks late Thursday, he mentioned “chilling reports” of fighters with the group “rounding up families, conducting mass executions, and enslaving Yazidi women.”

And beheading Christian children, reports CNS News.

Excerpt:

“Christianity in Mosul is dead, and a Christian holocaust is in our midst,” said Mark Arabo, a Californian businessman and Chaldean-American leader. In an interview with CNN’s Jonathan Mann, he called what’s happening in Iraq a “Christian genocide” and said “children are being beheaded, mothers are being raped and killed, and fathers are being hung.”

“Right now, three thousand Christians are in Iraq fleeing to neighboring cities,” he told Mann. Arabo is calling on the international community to follow France’s lead and offer the Christians of Iraq asylum.

“You’re startling me with the severity of what you’re describing,” the CNN host said. “You said they are — beheading children?”

“They are systematically beheading children,” Arabo repeated slowly. “And mothers and fathers. The world hasn’t seen an evil like this for generations.”

“There’s actually a park in Mosul where they actually beheaded children and put their heads on a stick… this is crimes against humanity. They are doing the most horrendous, the most heart-breaking crimes that you can think of.”

Meanwhile, Secretary of State John Kerry was seen giving speeches critical of global warming. Priorities. We needed to pull out of Iraq after Bush won the war because we had to focus our government on more important things, like global warming.

I lay these tragedies at the feet of anyone who wanted to retreat from Iraq and Afghanistan. This is what happens when American forces retreat from fighting evil. And make no mistake, these terrorists will be back in America, and this time, they’ll have money they seized from Iraqi banks and Stinger missiles they seized from Iraqi forces. And they’ll walk right across our southern border with those missiles, too.

I would recommend checking out The Weekly Standard podcast to get the real story on this, it’s my favorite political podcast and they have had wall-to-wall foreign policy for the last little while. Bill Kristol has just posted an episode on ISIS.

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Judge orders DOJ to release Fast and Furious documents blocked by Obama

Katie Pavlich reports on it for Townhall.com.

Excerpt:

Thanks to a Freedom of Information Act Lawsuit pursued against the Department of Justice by government watchdog Judicial Watch, the U.S. District Court for the District of Columbia has ruled documents being withheld from Congress under President Obama’s claim of executive privilege must be turned over. Obama made the claim on the same day Attorney General Eric Holder was voted in criminal and civil contempt of Congress in June 2012.

“This order forces the Obama DOJ, for the first time, to provide a detailed listing of all documents that it has withheld from Congress and the American people for years about the deadly Fast and Furious gun running scandal,” Judicial Watch released in a statement.

The FOIA lawsuit has been ongoing for 16-months and is now proceeding after a lengthy delay. The Justice Department originally asked the court for an indefinite hold on a FOIA request from Judicial Watch, citing executive privilege and an ongoing investigation. That indefinite hold request was shot down more than a year ago.

The documentation DOJ is required to now turn over is a “Vaughn index” of “all requested Fast and Furious materials from a June 2012 Judicial Watch FOIA request.”

A Vaughn index must: (1) identify each document withheld; (2) state the statutory exemption claimed; and (3) explain how disclosure would damage the interests protected by the claimed exemption.” In ordering the DOJ to provide Judicial Watch the Vaughn index, the Court ruled, “In this circuit, when an agency is withholding documents under exemption claims, courts require that the agency provide a Vaughn index so that the FOIA requester – at a distinct informational disadvantage – may test the agency’s claims.”

“Once again, Judicial Watch has beat Congress to the punch in getting key information about another Obama scandal – this time, the Fast and Furious outrage,” Judicial Watch President Tom Fitton said in a statement. “A federal court has ordered the Obama administration to produce information that could, for the first time, provide specific details who in the administration is responsible for Fast and Furious lies to Congress and the American people. This is a battle that put Eric Holder in contempt of Congress, saw Nixonian assertions of executive privilege by Barack Obama, and a hapless Congress in face of all this lawlessness. Finally, we may get some accountability for Border Patrol Agent Brian Terry and the countless others murdered as a result of the insanely reckless Obama administration program.”

Unfortunately, this is coming too late for Obama’s 2012 re-election contest, and the mainstream media is unlikely to report it, just like they failed to report the IRS scandal. But if we all share this story, it will help people to realize how lawless and corrupt this administration really is. It’s gangster government, as Michele Bachmann said. The crooks are in charge.

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Young people who voted for Obama are holding fewer and fewer jobs

Youth labor force participation

Youth labor force participation

Stephen Moore writes about Investors Business Daily.

Excerpt:

Economists are scratching their heads trying to figure out a puzzle in this recovery: Why are young people not working? People retiring at age 60 or even 55 in a weak economy is easy to understand. But at 25?

The percentage of adult Americans who are working or looking for work now stands at 62.8%, a 36-year low and down more than 3 percentage points since late 2007, according to the Labor Department’s May employment report.

This is fairly well-known. What isn’t so well-known is that a major reason for the decline is that fewer and fewer young people are holding jobs. This exit from the workforce by the young is counter to the conventional wisdom or the Obama administration’s official line.

The White House claims the workforce is contracting because more baby boomers are retiring. There’s some truth to that. About 10,000 boomers retire every day of the workweek, so that’s clearly depressing the labor market. Since 2009, 7 million Americans have reached official retirement age. The problem will get worse in the years to come as nearly 80 million boomers hit age 65.

But that trend tells only part of the story. The chart above shows the real problem: The largest decline in workforce participation has been those under 25.

[...]We do no favors to the young by teaching them that they can consume or have a good time without first earning the money they spend.

I think young people are often brainwashed at a young age to think that bashing the free enterprise system and voting for socialism isn’t going to take away their jobs. But if you vote to tax and regulate the businesses who may employ you later, you’ll find that they are too busy groaning under the strain of big government to employ you.

If young people were serious about getting jobs, they’d be voting to cut subsidies on universities to lower tuition costs, to lower corporate taxes, to cut environmental regulations, to repeal Obamacare, and so on. They would be more concerned that schools teach them actual skills instead of politically correct views, and so they would be voting for school choice and for right-to-work laws, to weaken the teacher unions who are not accountable to them. They should be voting against the minimum wage hikes that will price them out of an all-important first job. They should be voting against the (more than) doubling of the national debt in the 5.5 years under Obama. Job offers are not just there independent of the legal and economic environment. And just reaching a certain age doesn’t mean that you are qualified for a job.

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Boehner announces select committee to investigate the Benghazi cover-up

From the Daily Caller.

Excerpt:

South Carolina Republican congressman Trey Gowdy claimed he has evidence of “a systematic, intentional decision to withhold certain documents from Congress” about the Benghazi attacks and alleged White House cover-up.

Gowdy spoke with Fox News’ Greta van Susteren about Speaker of the House John Boehner’s Friday decision to form a select committee on Benghazi. The congressman explained that the committee will allow a more complete investigation into the issue, unburdened by the jurisdictional restraints that often plague other committees.

“If you want to have Greg Hicks and the station chief from Tripoli and Hillary Clinton all sitting at the same table, you need to have a committee that has the power to do that,” Gowdy said. “And a select committee would have that power.”

Gowdy — widely viewed as a frontrunner to chair the new committee — later told Susteren he supports Congress’ subpoena of Secretary of State John Kerry in order to get documents they have long awaited from the State Department.

He then added he has proof that documents relating to Benghazi and the alleged Obama administration cover-up have been deliberately withheld from Congress.

“Well, I have evidence that not only are they hiding it, there is an intent to hide it,” he claimed. “I can’t disclose that evidence yet, but I have evidence that there was a systematic, intentional decision to withhold certain documents from Congress.”

And guess what? Boehner has now announced the formation of a special committee. And Gowdy is one of the candidates to lead it.

Excerpt:

House Republicans moved on two fronts Friday to dig for answers on Benghazi, with Speaker John Boehner announcing a special committee to investigate and a key panel subpoenaing Secretary of State John Kerry to testify.

In a significant shift, Boehner announced that the House will vote on establishing a select committee to investigate, on the heels of newly released emails that raised additional questions about the White House’s response.

[...]The committee is expected to be bipartisan, and Fox News is told Rep. Trey Gowdy, R-S.C., is among those being considered to lead it. 

Gowdy should be picked to lead it. It is a former prosecutor and he knows how to cut through the baloney.

In addition, Darrell Issa has sub-poena’d John Kerry to explain why documents the GOP has requested have not been received:

On the heels of those documents, the House Oversight and Government Reform Committee also announced Friday that it has issued the subpoena for Kerry to testify at a May 21 hearing. The chairman of that committee has accused the administration of hiding records following an earlier subpoena.

“The State Department’s response to the congressional investigation of the Benghazi attack has shown a disturbing disregard for the Department’s legal obligations to Congress,” Chairman Rep. Darrell Issa, R-Calif., wrote in a letter to Kerry.

He added: “Compliance with a subpoena for documents is not a game. Because your Department is failing to meet its legal obligations, I am issuing a new subpoena to compel you to appear before the Committee to answer questions about your agency’s response to the congressional investigation of the Benghazi attack.”

So we are going to finally get some answers. This recent shift from Boehner comes as a result of the e-mails that surfaced last week, implicating the White House in the Benghazi cover-up. I would like to know exactly who was responsible for inventing the YouTube video story.

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