Hello David Selig here - as a former Marine and Tax Practitioner, I think the Government can tinker with the tax code all it wants, but it won’t make a bit of difference until we get our spending under control. Specifically, we’re losing a bundle to foreign aid. Admittedly, foreign aid funded with American taxpayer dollars has always been difficult to account for, and misappropriation is nothing new. But previously, the conservative rule of thumb for acceptable misappropriation was that between 10 to 25 cents of every dollar could be misappropriated as a “cost of doing business” fee. What this means is, our politicians have deemed these amounts (between 10 and 25 percent) to be an acceptable loss. Unfortunately, these long standing rules of “realpolitik” have been swept away with our new administration. As such, foreign misappropriation of American funds has increased exponentially. Today, more than 50 cents of each dollar given to the Saudi’s, the Pakistani’s (and various other Muslim nations) is quite literally, lost in translation. And the American taxpayer is footing the bill, and the bill is in the billions. Additionally, as unpopular as it may seem, there are no corporate loopholes to close.
