Pending trade deal with Panama, one of the world's worst tax haven

Elaine Hughes and Maple Glen of PhillyBurbs.com criticize a trade deal pending before Congress with Panama, "one of the world's worst tax havens and home to thousands of corporations seeking to evade taxes. These corporations will be empowered to directly challenge future U.S. anti-tax haven policies to demand cash compensation in foreign tribunals. Instead of a constant round of budget cuts that primarily impact working Americans and the elderly, we need to focus on jobs…[end] tax breaks for companies that outsource jobs and rewarding those which keep jobs here."

Article was originally published in PhillyBurbs.com on 8/5/2011.