Cross posted from RenounceUScitizenship.
That horribe territorial tax system VP Biden railed against (supported by some Obama advisers) abcn.ws/RHg0n1
— Jake Tapper (@jaketapper) September 7, 2012
The discussion of “territorial tax” begins at about the 27 minute mark.
Biden: It’s called a territorial tax, which the experts have looked at, and they acknowledge it will create 800,000 new jobs — all of them overseas, all of them.