seafan's Journal - Blue Dogs/ConservaDems: Your moment of truth: Obama to close offshore tax havens.

President Obama wants to shut down these offshore tax havens.

Doug Mills/The New York Times
While most Americans paid their fair share of taxes, President Obama said, “there are others who are shirking theirs, and many are aided and abetted by a broken tax system.” May 4, 2009

WASHINGTON — President Obama presented a far-reaching set of proposals on Monday that are aimed at the tax benefits enjoyed by companies and wealthy individuals harboring cash in offshore accounts.

These steps, he said, would be the first in a much broader effort to fix a “broken tax system.”

Mr. Obama made the announcement in the Grand Foyer of the White House, standing alongside Treasury Secretary Timothy F. Geithner and the Internal Revenue Service commissioner, Douglas Shulman. His remarks echoed the sentiment he voiced again and again during the presidential campaign, when he pledged to crack down on "illegal overseas tax evasion."

The proposed tax overhaul, which will be fully unveiled later this week when the White House presents a more detailed budget, could help raise $210 billion in revenues over 10 years, the administration estimates.

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How about that, Blue Dogs and ConservaDems?

Will you support the rebuilding of our country's financial health, by shutting down the greed of corporations that escape paying their share of taxes? After all, "fiscal responsibility" is your motto.

OR, will you vote with your corporate benefactors, showing your disdain for the American people?

Checkmate.