One economics editor says Washington has been running a "fiscal clown show" for the past 10 years by spending more and taxing less. The report that General Electric earned more than $5 billion in profit while paying no taxes at all focused attention on multinational corporations. We hear how they do it, using laws approved by both parties in Congress that allow them to keep their money overseas. Congress could change those laws to help pay down the deficit. Should the world's super-power use its clout to get corporations to pay their fair share?
Taxing the Multinationals
Daniel Gross - Strategy + Business - @grossdm, Jack Ciesielski - Analyst's Accounting Observer, Edward Kleinbard - University of Southern California, Ryan Ellis - Americans for Tax Reform, Eric Schoenberg - Responsible Wealth