Romney-Supersized IRAs Under U.S. Scrutiny

The transcript discusses the complexities of defining wealth and the use of tax shelters by the wealthy. It highlights the issue of tax inversion, where companies benefit from tax breaks by relocating overseas, and the lack of legislative action to address these loopholes. The potential use of executive orders by the President to enforce tax reforms is considered, though the Treasury's role is limited. The urgency for action is emphasized as tax lobbyists await decisions that could impact economic justice and campaign financing.

What actions are being considered by the President regarding tax reform?

Why are companies concerned about the administration's actions on inversions?