On May 5, the Washington Post reported that:

President Obama yesterday announced a major offensive against businesses and wealthy individuals who avoid U.S. taxes by parking cash overseas, a battle he said would be fought with new tax laws, new reporting requirements and an army of 800 new IRS agents.

In response, yesterday Robert Samuelson had a good article explaining the nonsense of Obama’s policy and debunking the tax dodge myths here.

Today, you can watch this new video featuring Dan Mitchell of the Cato Institute and learn everything to ever wanted to know about ”President Obama’s Deferral Proposal: Hamstringing American Companies, Reducing American Jobs.”