Obama criticizes companies that leave U.S. for lower taxes

April 5, 2016 4:37 PM

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President Obama made a forceful case for stopping corporations from moving their headquarters overseas in order to avoid taxes, saying they are taking advantage of the American economic system and saddling the middle class with the bill.

These companies “renounce their citizenship, but get all of the rewards of being an American company,” Obama said at a press conference Tuesday.

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