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Praise For Efforts To Close Tax Havens

Press Release

Date: June 25, 2009
Location: Washington, DC
Issues: Taxes

Praise for Efforts to Close Tax Havens

President Obama recently recognized the leadership of Rep. Lloyd Doggett for his work to close tax loopholes and end the use of tax havens.

In response to the President's remarks, Rep. Doggett said "Tax haven abuse ships both American jobs and tax dollars overseas. With White House leadership, we can finally win approval of our legislation to shut down offshore tax cheats. Restoring tax fairness means working Americans and small businesses won't have to cover for well-heeled tax dodgers. I am pleased that President Obama is making this a priority."

Rep. Doggett has introduced HR 1265, the Stop Tax Haven Abuse Act, to curb efforts to evade taxes by hiding money in offshore tax havens. HR 1265 was previously endorsed by Treasury Secretary Tim Geithner in testimony before the House Ways and Means Committee.


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