From Forbes:
The economy is not recovering as it should. Unemployment remains high and post-recession growth has been tepid at best. As Americans look to their elected officials for solutions, lawmakers are spurning pro-growth policies and seeking instead to squeeze more revenue from an already beleaguered private sector.
To be blunt, Washington, D.C. is fixated on diverting as much money out of the economy as possible in order to fund ever more bloated government. An especially egregious example of this misguided approach is the Foreign Account Tax Compliance Act, or FATCA, which, in pursuit of what even government estimates acknowledge to be a paltry increase in tax revenue, threatens to drive billions in foreign investment from the U.S.
Photo courtesy Rex Imperator, flickr
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