Bloomberg reports that Obama has attended fundraisers hosted for him and the Democratic National Committee by several donors tied to companies that are or are attempting to avoid taxes for their companies by merging with foreign companies.
Obama has pushed Congress to close that tax loophole and directed the Treasury to implement measures that will lessen the practice.
Asked Wednesday by ABC’s Jon Karl if Obama would return the donations or denounce Democrats who accept them, White House deputy press secretary Eric Schultz said no.
“I guess I would understand the skepticism more if we weren’t doing something to tackle the problem,” he said. “But instead, we are going after any company that renounces its U.S. citizenship in order to pay less in taxes.”
Watch via C-SPAN:
[Image via C-Span/screen grab]
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