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.


* Rauner announces new appointments
* Reader comments closed for the weekend
* Unemployment rate falls again, IDES not impressed
* "The Governor’s Axe"
* *** UPDATED x1 - Former aide says report coming *** Quinn shirked final constitutional duty
* Question of the day
* Umm... Huh?
* Unclear on the concept
* Rauner roundup
* Another possible Kirk foe emerges
* *** UPDATED x2 - ACLU responds *** Calm down
* SUBSCRIBERS ONLY - Supplement to today’s edition
* 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

          
        * Should Microsoft focus on flagships or growth in emerging markets?
        * Tablet lessons Samsung needs to learn this year
        * Samsung developing a wearable sensor to detect strokes
        * Samsung Galaxy Note Edge review rebuttal: Worth the weird
        * Windows Holographic, BlackBerry’s app entitlement, hackers hacking your calls | Pocketnow Weekly 132
        * California DMV changes course, reverses registration policy change for rideshare drivers
        * The Week in iPad Cases: Hard Candy's shock-absorbing case, the latest collection from Rebecca Minkoff, and more

        * Office 2016 Release Slated For Later This Year
        * Save Images Directly to Amazon Cloud Drive with This Extension
        * Homeworld Remastered Collection Release Date Confirmed
        * eSight Glasses Let Blind Mother See Her Newborn For The First Time
        * Nexus Player Now Available From Retailers
        * On Windows 10, Mac gaming, and turning the battleship
        * MakerBot Mobile Puts 3D Printer Controls On Your Android Device

        * Emptying the SoxFest notebook
        * White Sox honor, remember Mr. Cub at SoxFest
        * Flowers: 'My job to lose' behind plate for White Sox
        * White Sox add baserunning legend Coleman to staff
        * Rick Hahn, Conquering Hero
        * Memories of '05 championship rekindled at SoxFest
        * Back at home, Samardzija ready to get down to business

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


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

        Archives
        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


        * Rahm Emanuel thinks that democracy is a "trick"..
        * Illinois 'fracking' off to slow start amid oil-.....
        * Proposed Illinois legislation would ban powdere.....
        * Anti-bailout party the favorite as Greeks cast .....


        * Family attorney: Cubs great Ernie Banks died of heart attack
        * Ex-MLB pitcher Randy Wells opening Illinois sports facility
        * Eastern Michigan basketball player and fellow student killed
        * Illinois 'fracking' off to slow start amid oil-price slump
        * Chicago Police find 386 pounds of marijuana in SUV
        * Coal mining simulator coming to Southern Illinois
        * Airlines cancel 85 flights at Chicago's O'Hare amid wet snow
        * Chicago's mayoral candidates address women's issues at forum
        * Chicago mayoral candidates discuss elected school board
        * Ex-Major League Baseball player Ted Lilly accused of fraud

        * Statehouse Insider: Gov. Rauner sounding a lot like primary candidate Rauner
        * Veterans voice opinions about future of Oak Ridge war memorial site
        * 85,000 temporary driver's licenses issued to immigrants
        * Proposed Illinois legislation would ban powdered alcohol
        * Quinn leaves office without writing final statement
        * AG Madigan blocks Lottery termination agreement
        * Number of Illinois households on food stamps still rising
        * Numbers of Illinois households on food stamps still rising
        * U of I president concerned about future of higher ed
        * Rauner previews 1st-year priorities: Cut taxes, Medicaid

        * 'Mr. Cub' Ernie Banks dies at 83
        * How CME is looking to buy its way into foreign markets
        * Need to furnish your new office? Look no further
        * Hospitals full of empty beds
        * This hospital system plans radical surgery to solve its vacancy problem


          * South suburban women's basketball player killed in Michigan crash
          * Cubs legend Ernie Banks died of heart attack
          * Woman pulled from Belmont Harbor on North Side
          * Man wounded in Lawndale shooting
          * Airlines cancel 85 flights at O'Hare amid wet snow
          * Man injured in shooting in Elgin
          * Police seize over $1 million worth of marijuana
          * Woman hurt after car slams into bus stop, rolls over on Northwest Side
          * 4 cops injured after 2 squad cars collide in Little Village
          * 2 hurt in crash on Lake Shore Drive


          * Study projects Illinois deficit growing to $14 billion by 2026
          * Chicago Cubs legend Ernie Banks, 1st black player in team history, dies
          * M.E.R.C.Y. Celebrates 15 Years Amid Financial Challenge
          * Springfield Airport Will Make Another Attempt To Add Gambling
          * Potential Pension Case Holdup
          * Listen to State Week - January 23, 2015
          * Art Beat: Pirates, Local Tunes & Movies Galore
          * Speaker Madigan: How Can Illinois Prevent A Sandy Hook?
          * Frerichs Keeping Rutherford Investigation Under Wraps
          * Collecting On Line Sales Tax & A Springfield Manufacturer Expands On WUIS/SJR Business Report


          * Our Opinion: Vision should be a key theme in Springfield mayor's race
          * Bernard Schoenburg: Campaign contribution gets them talking in Ward 7
          * Angie Muhs: SJ-R, WMAY want to involve readers in Springfield primary
          * Andy Shaw: Settle in for a dramatic first act at the Illinois Capitol
          * Quote of the Day: Sunday, Jan. 25, 2015
          * Statehouse Insider: Gov. Rauner sounding a lot like primary candidate Rauner
          * Statehouse Insider: Gov. Rauner sounding a lot like primary candidate Rauner
          * Veterans voice opinions about future of Oak Ridge war memorial site
          * 85,000 temporary driver's licenses issued to immigrants
          * Proposed Illinois legislation would ban powdered alcohol


          * Patsy Bozarth
          * Mary Ann Brooks
          * Rain/snow today in Central Illinois; northeast braces for massive storm
          * Trost name will endure in Philo
          * Storm system moving into Central Illinois; some snow expected
          * New U of I extension director arrives in Effingham
          * Divorces 1/25/15
          * Daily Digest 1/25/15
          * Civil War Timeline: Soldier brothers come together: Part II
          * Employers get creative to find skilled workers


          * Eastern Michigan basketball player and fellow student killed
          * Whiteside active for Heat; Dunleavy sidelined for Bulls
          * Arsenal, West Ham, Villa stem flow of upsets in FA Cup
          * 700 rape kits waiting to be tested in Amarillo
          * Indiana lawmakers facing renewed debate over casinos

          * Danny Davis Defeats Robert Bumpers In Illi...
          * Rehab of Affordable Housing Building in Ol...
          * Rep. Danny Davis Hopes to Keep His Seat fo...
          * Illinois House Dems agonize over vote to f...
          * Congressman calls for removal of police co...
          * Congressmen Plan House Speech on Chicago's...
          * Davis To Obama: 'Do Everything In Your Pow...
          * Rahm Touts New Law to Clear Juvenile Polic...
          * Democratic Congressman Condemns Chicago Su...
          * REP. DANNY K. DAVIS NOW SUPPORTS DR. WILLI...

          * Republicans scratched “civil rights and hu......
          * Feinstein, Durbin, Gillibrand Applaud New ......
          * GOP drops ‘civil rights and human rights’ ......

          * Menendez could delay Iran sanctions measur......
          * White House downplays impact of Netanyahu ......
          * Senator Graham: Congress should have ‘fina......
          * Playing politics with climate change in th......

          * Mailer in the race for 9th ward Alderman
          * Mailer In the 6th Ward Aldermanic Race
          * John Dillon: 2015: The more things change.
          * Sunday morning in Florida.
          * State Lawmaker Proposes Red Light Camera Ban
          * We’ve moved!
          * In The Lyons Of Fire
          * BGA Backs New State Disclosure Effort
          * Budget Crisis Task Force Examines Illinois’ Debt Woes
          * To Cut Costs, Suburbs Eye Police Dept. Merger


          * Rauner announces “Turnaround Team” - Stellar team to help turn Illinois around
          * Commerce Department to Review Proposals for Enterprise Zones - Program Promotes Job Growth in Communities Across the State
          * Governor Rauner signs Executive Order for Minority and Veteran Empowerment
          * Governor Rauner Announces Second Round of Appointments
          * Representative Duckworth, US Army Iraq Veteran Honored With The Abraham Lincoln Veteran Champion Award




              Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller