SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Today’s quotable

Wednesday, Aug 6, 2014

* From a press release…

Oberweis: Durbin deserves scorn, not praise for Walgreen’s

Jim Oberweis, candidate for U.S. Senate, issued the following statement today re: Walgreen’s

“The Walgreen’s saga symbolizes Dick Durbin’s 32-year career in Washington. His bullying of Walgreen’s was a political stunt designed to help only one person: Dick Durbin. It didn’t create any jobs. It didn’t reform our job-killing tax code. Like in the IRS scandal, Dick Durbin was using government power to achieve partisan political gain. Instead of praise, Dick Durbin deserves our scorn.”

…Adding… For context, here’s Sen. Durbin’s statement…

“Earlier this morning, I spoke with the CEO of Walgreen’s, and am thrilled to say that the corner of happy and healthy is still right here in Illinois. As Walgreens themselves noted, Illinois has been their home for more than 110 years, and locating their global business here in the U.S. was the right decision for their customers, employees and shareholders. I’d add to that that it’s the right decision for every taxpayer in Illinois and across America.”

Late last month, Durbin sent a letter to Walgreens CEO Greg Wasson, expressing his strong opposition to the speculation that the company would buy Alliance Boots and use a strategy called “inversion,” to move the company’s headquarters overseas, but only on paper, in order to avoid paying U.S. taxes. Durbin has been the leading voice in Congress against these schemes, raising the issue in the face of a growing trend in U.S. corporate tax avoidance.

- Posted by Rich Miller        


33 Comments
  1. - Jimbo - Wednesday, Aug 6, 14 @ 11:41 am:

    There’s the Obie we know and don’t love.


  2. - Oswego Willy - Wednesday, Aug 6, 14 @ 11:45 am:

    So…

    United States Senator Richard Durbin, while trying to keep a corporation from not only leaving the US, but leaving Illinois, used to power of his pulpit, and his position, to SUCCESSFULLY, according to Oberweis, successfully sbd personally keep Walgreens here in Deerfield???

    What would a US Senator Oberweis do, circle the Deerfield HQ in a black helicopter and with a bull horn yell every 30 seconds, “Stay, Walgreens, stay!”…”Stay, Walgreens, stay!”

    Oberweis Crew, you put into focus a victory for your opponent, that most are applauding…why?


  3. - Yep - Wednesday, Aug 6, 14 @ 11:45 am:

    Oberweis: As tone deaf a statewide Illinois politician as can be.


  4. - The Captain - Wednesday, Aug 6, 14 @ 11:47 am:

    They repeatedly misspelled corn, somehow adding a superfluous ’s’. I will be giving Dick Durbin corn, Illinois corn, he’s earned it.


  5. - Spliff - Wednesday, Aug 6, 14 @ 11:48 am:

    Is this his way of supporting Rauner? Walgreens staying is bad. America would flourish if more companies were based overseas?


  6. - LizPhairTax - Wednesday, Aug 6, 14 @ 11:53 am:

    It’s funnier if you imagine him touching down for a second in the McCormick Place lot, wearing his headset and screaming this at reporters over the rotor wash and then closing the door and taking the chopper straight back up over Soldier Field to the place in the sky that he lives between statewide drubbings.


  7. - 47th Ward - Wednesday, Aug 6, 14 @ 11:53 am:

    Can we get Oberweis Dairy to do a corporate inversion and send him to Switzerland?


  8. - VanillaMan - Wednesday, Aug 6, 14 @ 11:54 am:

    NOoooo!

    But considering how he is polling, he has to try something, right?

    What Oberweis needed to do is point out how Durbin had the clout to abuse administrative law instead of legislative law to beat Walgreens into staying - for now.

    Then finished off by telling us that we don’t need a legislator in Congress more comfortable with abusing administrative law, than crafting a legislative solution.

    This is one of the bad things about the whole Walgreens situation - we have political people skirting the very laws they write in order to score political points to keep themselves in power.

    Durbin couldn’t find a legislative way of handling this - you know, like a real Senator, instead he handled this through administrative channels.

    What we are seeing is abusive administrative law being shoved down our throats by political operators.

    Walgreens is so outta here in 2016.


  9. - Anon. - Wednesday, Aug 6, 14 @ 11:54 am:

    ==“Earlier this morning, I spoke with the CEO of Walgreen’s, and am thrilled to say that the corner of happy and healthy is still right here in Illinois. . . Durbin sent a letter to Walgreens CEO Greg Wasson [regarding the plan] to move the company’s headquarters overseas, but only on paper.”

    So the company was never moving from Illinois, and Durbin is announcing success in convincing them to stay here? Hate to say it, but Oberweis is right on this one.


  10. - Not Rich - Wednesday, Aug 6, 14 @ 11:55 am:

    A lifelong D..I am with Oberweiss, Dick Durbin is the poster boy for what is wrong with DC politics.. I saved the video of him telling me that I could keep my health insurance if I liked it when he voted for ObamaCare..


  11. - Louis G. Atsaves - Wednesday, Aug 6, 14 @ 11:56 am:

    Walgreens stock has plunged following this decision. Good for the shareholders? Doesn’t this make the company weaker financially?

    Oh, sorry. I’m injecting a little common sense here! My bad!


  12. - Oswego Willy - Wednesday, Aug 6, 14 @ 11:57 am:

    ===Can we get Oberweis Dairy to do a corporate inversion and send him to Switzerland?===

    Can I, - 47th Ward -?

    Keep Oberweis Dairy here…

    Trade his Florida-Residing Wife, with Jim, sending Jim to Florida, and he can be a Florida state Senator, and we in Illinois get his wife BACK…

    I like the ice cream, I can’t lie.


  13. - VanillaMan - Wednesday, Aug 6, 14 @ 11:59 am:

    Durbin is doing a victory lap.
    Oberweis needs to do something to make that lap look silly or fake.

    (sigh) politics


  14. - Eugene - Wednesday, Aug 6, 14 @ 12:02 pm:

    Oberweis is a rich fool. End of story. A fool and his money may soon be parted, but not soon enough, apparently.


  15. - Willie Stark - Wednesday, Aug 6, 14 @ 12:14 pm:

    Obie’s gotta be Obie! Why the Quinn folks don’t tie him and Rauner together in a neater package, I don’t get.

    Louis G. Atsaves: way to encapsulate so succinctly the problem of short-term thinking when it comes to stocks, investing and what is in a business’ best interests. Walgreens still trading at a P/E of 20+. Market retains optimism about the company’s longer term prospects and opportunities, even if you don’t.


  16. - Meanderthal - Wednesday, Aug 6, 14 @ 12:32 pm:

    Me and a lot of other frugal people I know cross over into Lake County to fill up the tank in order to avoid Cook County fuel taxes. Then I turn right around and drive home on roads maintained (vry poorly) by Cook County. Guess that make me a deserter.


  17. - A guy... - Wednesday, Aug 6, 14 @ 12:32 pm:

    I think you guys are missing it here. This is a good statement. For reasons pounded last week, Walgreens is a folksy neighbor to a lot of people. Durbin picked on the neighbor thinking he was beating up big business. The Oberweis team is locked in on public opinion here, playing on Durbin’s somewhat rocky history of saying stupid things emotionally himself.
    Obie looks like the guy who’s supporting the hometown hero here.
    Don’t let your blind dislike for this guy fool you. This is a shrewd statement. If I were Durbin, I’d be busting my hump calling for hearings to investigate the tax code that made this inversion thing so attractive to Walgreens and all Illinois and US business.
    Right now, he beat up a home town hero.
    Good move by Oberweis strategists. You guys are wet on this one.


  18. - Demoralized - Wednesday, Aug 6, 14 @ 12:53 pm:

    Any pressure put on Walgreens to stay put is good in my book.

    And I couldn’t disagree with you more @A guy.


  19. - Oswego Willy - Wednesday, Aug 6, 14 @ 12:57 pm:

    - A Guy… -,

    Isn’t Bruce Rauner’s plan as governor to keep all the corporate partners he can and poach as many as he can, from anywhere.

    That said, keeping the corporate Walgreen’s here makes sense….unless you possibly…personally… gained by inversion…than you might not want to stop that…

    So now if a Gov. Rauner tries to keep CAT or somebody, you will “boo” that.

    Ok.


  20. - A guy... - Wednesday, Aug 6, 14 @ 1:05 pm:

    Hey Demo, we respectfully disagree. With Willie, we just plain disagree. We’ll see how this plays out. I could easily paint Durbin as an enemy of Illinois business in the mail and demonstrate he showed up to scream about the problem but went into hiding when it came to a solution. “Durbin handicaps Illinois business” is a theme I could create a way to pound. You mess with my pharmacist, I’ll mess with your Senate seat. We’ll see how it plays.


  21. - Demoralized - Wednesday, Aug 6, 14 @ 1:20 pm:

    @A guy:

    If you can focus on the pharmacist angle then I think you have something. But if you can get the public thinking in terms of Walgreens as a corporation then mentioning tax avoidance with their name is going to generate a visceral reaction from the public at large. People are fed up with a lot of things and the constant trickle of information on corporate tax avoidance is one of them. They don’t understand that all corporations are doing is what the law allows. They don’t care. They care that a corporation is getting away with paying less taxes while they aren’t.


  22. - Klondike Clapton - Wednesday, Aug 6, 14 @ 1:25 pm:

    I’m sorry, but I prefer to live in an America where powerful politicians don’t tell businesses how to act within the law by calling them unpatriotic.


  23. - Sunshine - Wednesday, Aug 6, 14 @ 1:32 pm:

    Didn’t much ;like do-nothing Durbin before….still don’t like him.

    Good to see Walgreen’s hanging around in poor, broke Illinois.


  24. - Formerly Known As... - Wednesday, Aug 6, 14 @ 1:51 pm:

    Oberweis is saying something similar to Greg Hinz, albeit a bit less clearly.

    == Sen. Dick Durbin, Gov. Pat Quinn, Mayor Rahm Emanuel, I’ve heard from all of them, and to the extent that their jawboning indeed helped keep the big drug retailer in the Chicago area, good for them.

    But not one has mentioned today North Chicago-based AbbVie Inc., another big Illinois company that not only is talking about inverting its headquarters overseas but is actually doing so. And waiting in the wings potentially are Lake Forest-based Hospira Inc. and other local companies.

    Hold the Champagne, guys. Your work has really just started.

    The core problem is the screwed-up American tax code. The tax rate is too high to be competitive, largely because the base has been whittled down with too many loopholes. Everyone in Washington knows it, even if they’re too busy pointing the finger at someone else for not fixing it. ==


  25. - wordslinger - Wednesday, Aug 6, 14 @ 2:00 pm:

    –Oh, sorry. I’m injecting a little common sense here! My bad!–

    Louis, if you think finding deep meaning in a half-day’s movement in a stock price is indicative of anything, no, you’re not injecting any common sense at all.

    Best to stick to knocking Libertarians off the ballot. You know, championing democracy.


  26. - Oswego Willy - Wednesday, Aug 6, 14 @ 2:04 pm:

    ===Hey Demo, we respectfully disagree. With Willie, we just plain disagree.===

    You stay classy, - A Guy… -.

    Did I miss Rauner’s statement, on the Oberweis quote, or is Rauner too busy on his 23,000 acres to be bothered?


  27. - Jake From Elwood - Wednesday, Aug 6, 14 @ 3:22 pm:

    Why is Walgreens the poster child for hundreds of other companies who have utilized the same loophole? Because it’s an Illinois company, right? Only in Illinois.


  28. - Anonymous - Wednesday, Aug 6, 14 @ 3:33 pm:

    That’s it. I’m voting for Rich Miller. I do not like either of these people. God may save the Queen but not Illinois.


  29. - Rich Miller - Wednesday, Aug 6, 14 @ 3:35 pm:

    ===I’m voting for Rich Miller===

    Don’t even consider that option. lol

    If you’re gonna write in a fictional candidate, write in Oscar the Puppy.


  30. - West Side the Best Side - Wednesday, Aug 6, 14 @ 5:03 pm:

    Interestingly enough, Fortune Magazine had a couple of opinion pieces by Senior Editor at Large Allan Sloan on inversion recently. One essay was entitled “Positively Un-American”, the other “How to stop companies from deserting America before it’s too late”. In the second essay he notes that inversion made him angry and “Judging from the reaction I’ve gotten from readers, it makes a lot of other people angry too.” We are talking about readers of Fortune, not Rolling Stone or Mother Jones. Fortune is hardly a left-wing bastion of anti-capitalism. It looks like Mr. Oberweis is clealy on the wrong side in this one trying to heap scorn (or corn) on Sen Durbin.


  31. - West Side the Best Side - Wednesday, Aug 6, 14 @ 5:12 pm:

    I can see “clearly” now.


  32. - Yellow Dog Democrat - Wednesday, Aug 6, 14 @ 6:36 pm:

    Billionaire investor Mark Cuban said companies moving offshore to pursue tax inversions were “bad for America” noting that the rest of us are forced to make up the shortfall.

    Oberweis and Rauner are finding themselves in increasingly shrinking company.


  33. - Harry - Thursday, Aug 7, 14 @ 12:03 am:

    Oberweis and VanillaMan at 11:54 are correct on the economics and abuse of power issues, but of course it’s great electoral politics for Durbin–the fact that Durbin will be rewarded by the electorate is just another instance of the thinking that got Illinois into its current mess, and keeps it there.

    Oh, well.


Sorry, comments for this post are now closed.


* Reader comments closed until Sunday afternoon
* *** UPDATED x1 - AFSCME responds *** Rauner: No
* Deal emerges on medical marijuana
* Stop ComEd/Exelon's $7 BILLION Rate Hike!
* *** UPDATED x1 *** Rep. Phelps counters HGOP robocalls
* *** UPDATED x1 *** Oops!
* "The safety net continues to crumble around us"
* "Picking the pockets of poor people" and stiffing the wrongfully convicted
* Radogno rips into the Democratic leaders
* Cullerton says he offered "practical way forward"
* Republican legislators want Rauner, AFSCME to restart talks
* *** UPDATED x1 *** Two non-scandals and a potentially serious one
* Rauner budget director to brief reporters at noon
* *** UPDATED x3 - Emanuel responds "Rauner Tax" - Rauner issues veto today *** Rauner expected to veto police and fire pension bill on Memorial Day
* "I have zero confidence that Springfield will get its act together"
* *** UPDATED x2 - Rauner audio *** Rauner to comment on collapse of negotiations
* Unclear on the history
* *** UPDATED x2 - Madigan: "No hostage-taking" - Talks collapse as Dems pull the plug *** Madigan likely to speak after leaders meeting
* SUBSCRIBERS ONLY - Supplement to today’s edition
* *** LIVE *** Session Coverage
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* ZTE is entering the retail store space with several stores in China
* Sony Xperia X marketed on US YouTube account
* Google Daydream VR issues, Galaxy S7 deals & more – Pocketnow Daily
* Jawbone stops the factories for one last-chance wearable
* Twitter for iOS Gains Support for Peek and Pop 3D Touch Gestures
* Apple’s Trade Up with Installments grows in Europe
* Comixology CEO shows off new Unlimited subscription service

* Melky's slam isn't enough to flatten Royals
* Lawrie isn't dwelling on past incident with KC
* White Sox opener vs. Royals postponed
* Hit in 57 games, win $5.6 million
* White Sox MLB draft 2016 possibilities: Braxton Garrett
* White Sox face Moustakas-less Royals, this weekend and beyond
* Anderson among top prospect performers Thursday

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* Rauner reverses course on medical marijuana, ba.....
* Rauner agrees to expand medical marijuana progr.....
* Why Rauner should veto all of Madigan's budget .....
* Madigan pulls plug on budget negotiations - Fox.....
* Ill. Gov Rauner Reverses Course on Medical Mari.....
* Ill. Senate Sends Two More School-Funding Revam.....
* Log InRegister - CBS Local..


* 7-year-old Chicago girl dies in tractor accident
* Illinois budget negotiations appear to be going nowhere
* Drew Peterson's defense rests after calling 3 witnesses
* NBC's 'Red Nose Day Special' raises $30M for kids' charities
* Judge OKs copyright settlement over Vivian Maier photos
* Fatal carjacking suspect killed near St. Louis is identified
* Activist sues over denied deferred deportation renewal
* Runner dies after collapsing during 3.5-mile Chicago race
* Former Pinckneyville bookkeeper sentenced in fraud case
* Man guilty of buying Indiana guns, selling them in Chicago

* Senate sends 2 more school funding revamps to House
* Some House Republicans call for Rauner to resume talks with AFSCME
* Bill to raise age for buying cigarettes stalls in House
* Rauner vetoes plan to reduce Chicago pension payments
* GOP accuses Dems of pulling plug on negotiations; state budget approval chances seem slim
* Senate sends 2 more school-funding revamps to House
* Illinois youth corrections director resigns
* Senate sends 2nd school-funding revamp to House
* Republicans: Democrats have 'pulled the plug' on turnaround agenda talks
* Rauner, Illinois legislative leaders to meet Friday

* Rich Miller on Springfield
* Madigan, Rauner steel themselves for all-out political war
* Motorola-linked credit union branches out
* Chicago's airport security lines appear to speed up
* Your trip through airport security today might not be as horrific as you thought


* Power outage stalls Navy Pier’s new Ferris wheel on opening day
* The blood, sweat and tears of proving ‘Prowess’ in Chicago
* Cubs’ Maddon goes with gut, rests Rizzo; Cubs beat Phillies 6-2
* Man charged with shooting at home in Woodstock
* Man shot in West Garfield Park
* 12-year-old girl struck by pickup in Gages Lake
* Suit: McDonald’s late-night drive-thru rules leave out the blind
* Questions for the Cubs before they opening a giant outdoor bar
* Kieren Duncan out to prove to Bears he’s got more than 4.32 speed
* Man who allegedly attacked jogger charged in another sex case


* Fox Valley mom's battle against synthetic marijuana nears climax
* Small WWII-era plane crashes in Hudson River, one killed
* Friday's recap: Royals 7, White Sox 5
* Memorial Day weekend keeping police watchful
* Da classic Chicago accent is almost entirely gone from TV, movies
* Power outage stalls new Navy Pier Ferris Wheel
* Live blog: Beyonce's 'The Formation World Tour' at Soldier Field
* Homewood-Flossmoor senior barred from prom after blunt performance
* David Ross' 100th homer cause for celebration for all but the Phillies
* Munster pulls off shocking upset of Crown Point, ranked No. 3 in the nation


* GOP accuses Dems of pulling plug on negotiations; state budget approval chances seem slim
* Senate sends 2 more school funding revamps to House
* Some House Republicans call for Rauner to resume talks with AFSCME
* Charles Krauthammer: The arrow of history
* David Orr: Automatic Voter Registration makes government more efficient
* Bill to raise age for buying cigarettes stalls in House
* Rauner vetoes plan to reduce Chicago pension payments
* Illinois youth corrections director resigns
* Senate sends 2nd school-funding revamp to House
* Republicans: Democrats have 'pulled the plug' on turnaround agenda talks


* RTHS Graduation 2016
* Vukic reaches NCAA quarterfinals
* Track 2A/3A prelims notebook: Danville relay impresses
* Unity boys' track thinking big
* Primer for Championship Saturday
* Area baseball leaders (Week of May 23)
* UPDATED: Dick Van Dyke returning to Danville
* Pekin shelter's renovation starts June 6; shifts focus to serving women, families
* Flint knapping and black powder: Fort Creve Coeur Rendezvous returns
* Flint knapping and black powder: Fort Crevecoeur Rendezvous returns


* Girls soccer: St. Charles N. wins sectional final over Geneva
* Arlington Heights man pleads no contest to killing wife in Wisconsin
* Boys volleyball: St. Charles North advances to sectional final
* Softball: Warren tops Palatine, returns to sectional
* Boys tennis: Strong state tourney showing from NSC teams

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* TSA changes announced to decrease travel t......
* Rep. Tammy Duckworth Working with Senator ......

* Defence sales: US Senate may vote to bring......

* Illinois House passes budget bill, including school funding with no special education funding cuts. Rauner says he will veto it.
* Union democracy: compare and contrast.
* UPDATE x1: Madigan fails to deliver veto override on AFSCME arbitration bill
* CDC Whistleblower exposes autism-vaccine link coverup in "Vaxxed"
* An Unexpected Surprise: Leland Is Open to Thru Traffic
* Thorner: What if Environmental Laws Make Things Worse?
* Justice Department docs suggest 69 killed involving Operation Fast & Furious weapons
* Trump decides against debating Bernie Sanders
* Person Shot On Racine Near Wilson
* Bike The Drive Happens On Sunday Morning


* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact




Hosted by MCS -- CapitolFax.com Privacy Policy -- SUBSCRIBE to Capitol Fax -- Advertise Here -- Mobile Version -- Contact Rich Miller