Makes me wanna spit
Arianna Huffington nails Dick Cheney to the wall at Alternet. Her commentary is especially interesting since she used to be a promminent right-winger – she knows of whence she speaks.
These wobbly spin doctors’ task was, admittedly, made much harder by the fact that on the same day these tax dodge disclosures came to light, President Bush had spoken out with his usual Dudley Do-Right forthrightness against the very same practice. “We ought to look at people who are trying to avoid U.S. taxes as a problem,” he said. Indeed we ought. So why don’t we?
Let’s start by looking at the problem of the vice president and Halliburton. During the number two’s time as the company’s number one, the number of Halliburton subsidiaries registered in tax-friendly locations ballooned from nine in 1995 to 44 in 1999. The result? A dramatic drop in Halliburton’s federal taxes, which fell from $302 million in 1998 to less than zero — to wit, an $85 million rebate — in 1999.
At the same time they were hard at work stiffing U.S. taxpayers, Cheney and Halliburton were happily feasting at the public trough — the company received $2.3 billion in government contracts and another $1.5 billion in government financing and loan guarantees.