Monday, November 28, 2011

FATCA: A Ticking Time Bomb for the Economy

American Thinker
By Peter W. Dunn

Buried in an ostensible jobs bill signed by President Obama last year is a little-noticed job-destroying government regulation that threatens to trigger a massive outflow of capital from the American economy.

The U.S. economy is in bad shape. Many want the federal government to fix it -- to end the deficits, create jobs, and get America back onto the track of growth and stability. President Obama came to Washington with great promises: to restore international respect for the United States and to bring back the jobs. When signing the HIRE Act of 2010 on March 18, 2010, President Obama said:


LINK

1 comment:

Peter W. Dunn said...

Hi: thanks for sharing my article at the American Thinker. I am an Alaskan too, grew up in Anchorage. But my studies brought me to Canada and married a Canadian girl and settled down in Ontario. Now I can't return home because I relinquished my US citizenship over FBAR and FATCA, and the Heros Act. I'm sorry about that. Not sure whether all be able to visit Alaska again. Well, I have access to the Yukon still. Cheers.