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.


TrackBack URI

Sorry, comments for this post are now closed.


* Good morning!
* IDPH wants to ban beer garden smoking
* 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

          
        * Branch Metrics Raises $3 Million From NEA For More Intelligent Deep Links That Make Apps Work Like The Web
        * Making the most of Live Tiles
        * Google working with Airtel as payment gateway for digital purchases
        * DxOMark ranks Xperia Z3 beside Galaxy S5, Xperia Z2
        * Finland’s Jolla Takes Its Sailfish-Powered Smartphone To India, Via Snapdeal
        * Androidsplainin': iPhone haters miss the point again
        * 8 games optimized for the iPhone 6 and 6 Plus

        * FLX.ARM Precision Robotic Arm Offers 3D Printing, Milling And Assembly (video)
        * Paper Towels vs. Hand Dryers (and Which is Actually More Hygienic)
        * Sony Xperia Z3 Compact Breaks Battery Test Records
        * Waterproof Your Apple Watch Using Liquipel Nano-Coating
        * LG Wine Smart Android Flip Phone Announced (Video)
        * Sony Could Dominate The Console Space, According To Analyst
        * Nintendo 2DS Pokemon Omega Ruby/Alpha Sapphire Bundles Unveiled

        * John Danks can finish seasons again
        * Bassitt twirls gem, blanks Tigers for 7 2/3 in first win
        * Carroll, White Sox out to spoil Tigers' Central plans
        * Bassitt twirls gem, blanks Tigers for 7 2/3 in first win
        * White Sox 2, Tigers 0: Chris Bassitt picks up first win
        * Avisail realizes V-Mart will be highly coveted as free agent
        * White Sox announce dignitaries for Paul Konerko Day


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

        Archives
        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


        * Quinn, Rauner differ over 'common sense' gun laws..
        * Gov. Quinn Promotes High-Speed Rail In Granite .....


        * Ohio grand jury to review highway shooting case
        * Prosecutors seek time to review ex-lawmaker's past
        * Quinn, Rauner differ over 'common sense' on guns
        * Quinn, Rauner promote community investments
        * Illinois medical marijuana applications due Monday
        * Suspect in Joliet double murder waives jury trial
        * Chicago museum only US site for Bowie exhibit
        * Slain girl's mother speaks at Watson memorial
        * U of I Foundation receives increase in donations
        * Illinois city marks birthday with mega bratwurst

        * Governor candidates differ over ‘common sense’ on guns
        * Quinn, Rauner differ over ‘common sense’ on guns
        * Rauner gets support from black Chicago pastors
        * Don’t bet on gaming expansion — yet
        * GOP's Rauner gets another $1M from hedge fund CEO
        * Former Illinois prisoners get help reintegrating
        * Court: Lincoln inmate must use $20K settlement to pay incarceration costs
        * Deadline ahead for Illinois marijuana businesses
        * Gov. Quinn picks up Sierra Club endorsement
        * Statehouse Insider: Rauner hit with double whammy

        * Cross-fertilization? CF Industries in merger talks
        * U.S. cracks down on overseas tax moves
        * United cutting winter schedule long before snow falls
        * University of Illinois donations jump 10 percent
        * George Lucas takes a selfie — and other names at Expo Chicago


        * Our online IDs deserve better security
        * Truck driver arrested after allegedly holding children hostage near Midway
        * Parents who want to attend school fair asked to provide names, emails
        * State rep candidate voted in Illinois and Wisconsin
        * Medical pot license seekers 'everyone from Cheech and Chong . . . to hedge fund guys'
        * U.S. rep wants black contractors to get fair share of 95th Street station project
        * Bishop Blase Cupich: ‘I’m going to love this city’
        * O’Hare plans to test new app to help international travelers
        * Common touts fund-raising concert at Union Park
        * Chicago’s next archbishop Blase Cupich calls for immigration reform, shows off his humor


        * Man tries to lure girl into his car in Woodridge
        * 1 dead, 10 wounded in shootings Monday
        * CTA Red Line briefly delayed after unfounded bomb threat
        * City plan will more than double taxis for disabled
        * Cupich vows to aid poor, help Chicago neighborhoods
        * Challenger tries to tie Duckworth to VA scandal
        * Rauner avoids nursing home questions as trial starts
        * Niles man killed in motorcycle accident in DesPlaines
        * Evanston police investigate overnight shooting
        * Police: Man arrested after holding children at gunpoint in truck


        * A Redo On Redistricting
        * Polls Showing Illinois Governor's Race A Draw
        * Cupich to be next Chicago archbishop
        * Listen to State Week - September 19, 2014
        * Chris Mooney: More Evidence-Based Policymaking Needed
        * African Drumming At Southwind Park On Saturday
        * Investors gather in Chicago seeking cannabis businesses
        * Climate, Space Create Challenges For Local Food
        * Can A Governor Really Create Jobs?
        * How do you find high school dropouts?


        * Governor candidates differ over ‘common sense’ on guns
        * Kathleen Parker: Mark Sanford’s ongoing saga with himself
        * Rauner gets support from black Chicago pastors
        * Don’t bet on gaming expansion — yet
        * Thomas Schneider and Jay Scott: Building strong families to curb child abuse, neglect
        * GOP's Rauner gets another $1M from hedge fund CEO
        * Former Illinois prisoners get help reintegrating
        * Court: Lincoln inmate must use $20K settlement to pay incarceration costs
        * Deadline ahead for Illinois marijuana businesses
        * Gov. Quinn picks up Sierra Club endorsement


        * Illinois crop report 9-22-14
        * Top of the Morning, Sept. 23, 2014
        * Area Calendar 9/23/14
        * Discussion will examine response to Ebola crisis
        * West Frankfort building collapses
        * 5th Street Lofts is last piece of Alexander's housing puzzle
        * Attorney General's office says Boyd details are coming
        * Davenport school board to discuss high school schedules
        * Sunshine and plenty of it
        * 1 dead in officer-involved shooting in Davenport


        * Nick Carter, Jordan Knight to play two HOB shows this weekend
        * Chicago Symphony Orchestra might build summer home in Naperville
        * Dawn Patrol: Bears slog out a win; motorcyclist killed outside college
        * Grand Victoria Casino to celebrate its 20th birthday with specials
        * Bears Bites: Half the defense hurt but still an impressive win

        * U.S. House Passes Resolution Condemning An...
        * The Urgent Need for New Antibiotics | Comm...
        * US House of Representatives Unanimously Pa...
        * Elizabeth Roskam Paints Capitol for Ukrain...
        * Illinois vote: Dems split on aid for Syria...
        * Democratic candidate Mason says he's 'flip...
        * Hultgren, Roskam to Host Service Academy D...
        * Ask Peter: Obamacare's Broken Promises - I...
        * Peter Roskam pushes for Alzheimer's resear...
        * Congressman: 'Some good stuff is going on'...

        * Funding reinvested in law enforcement and ......
        * Illinois firms keep $100 billion in foreig......
        * Illinois firms keep $100 billion in foreig......
        * Illinois firms keep $100 billion in foreig......
        * Illinois firms keep $100 billion in foreig......

        * Democrat Giannoulias backs Republican Cros......

        * Beachwood Photo Booth: Intersecting West Rogers Park
        * Colleges Let Taxpayers Help Poor Students While They Go After Rich
        * The Incredibly True Stories Of The Bears' San Francisco Feat, Kyle Fuller's Childhood & Jets Fans In The Wild
        * Local Book Notes: Kickstarting A Skinhead Memoir
        * Chicagoetry: Mirages Of Matchstick Men
        * World Peace Day Celebrations In Illinois: Finding Peace At Home
        * Rauner 'Mislead Public' On Nursing Home Chain Involvement, Social Agenda
        * Maybe we can fight over pies?
        * Eric Metaxas on the future of America's religious freedom
        * Lois Lerner and the IRS Scandal: An Update on the Investigation and Cover-up


        * The Economic Empowerment Forum Endorses Rauner for Governor
        * State Director on Aging Says September Observances Stress the Importance of Healthy Aging - September is Healthy Aging Month; September 23 is Falls Prevention Day
        * Governor Quinn Breaks Ground on First Veterans Home in Chicago - New Facility Will Care for 200 of the Nation’s Heroes
        * Quinn still refusing to fire 20 political cronies
        * Illinois Chamber of Commerce Endorses Rauner for Governor




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