“The Republican Party is expected to approve a resolution this week, calling for repeal of an Obama administration law that is designed to crack down on offshore tax dodging.
In what would be the party’s first appeal to scrap the law –
the Foreign Account Tax Compliance Act (FATCA) – a panel was slated to vote at the Republican National Committee’s (RNC) winter meetings in Washington, likely approving the resolution on Friday, according to party members driving the repeal effort.
If adopted, the anti-FATCA resolution would reflect the party’s political priorities for the time being but would not change its presidential campaign platform, according to the RNC.”* The Young Turks host Cenk Uygur breaks it down.
*Read more here from Patrick Temple-West / Reuters:
http://www.reuters.com/article/2014/01/21/us-usa-tax-fatca-idUSBREA0K1VS20140121
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