image
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.


* Governor sets special election dates, but they are expected to change
* Pot, meet kettle
* Your feel-good story of the day
* Economists Agree: Preserving Nuclear Plants is Good for Consumers, Good for Economy
* Jacob’s Story: Delayed Treatment Changes the Future and a Family
* *** UPDATED x1 *** Today's must-watch video
* The Credit Union Difference
* Question of the day
* *** UPDATED x1 - Dan Brady takes himself out *** Uh-oh
* *** UPDATED x1 *** Rauner goes after some Missouri jobs, but no word yet on Indy
* *** UPDATED x3 *** Oswego will discuss Rauner "right to work" proposal tonight
* Krishnamoorthi, Noland make moves toward Duckworth seat
* Good morning!
* 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

          
        * LG’s free G3 VR viewer offer comes to the US
        * MediaTek launches Helio, new SoC brand for premium phones
        * Sony Xperia supply chain rumors look to new mid-rangers, phablets
        * Power Clean helps free up memory and storage on your Android device
        * Google turns your TV into a computer with HDMI Chromebit dongle, intros new Chromebooks
        * Google Drive for Work gets new security features
        * Get A Free VR Headset with the Purchase of an LG G3

        * Etsy IPO Expected to Be Priced at $14-$16 Per Share
        * RadioShack Co-Branding of Stores With Sprint Wins Court Approval
        * Follow Cool Tools on Twitter to Win a Titanium Spork
        * Upgrade Leftover Pizza to Gooey Mini-Calzones with a Waffle Iron
        * Robot Inequality (Comic)
        * Anonymous messaging app Yik Yak is testing a photo feature
        * Anonymous messaging app Yik Yak is testing a photo feature

        * 'Athletic' Sale makes progress during simulated game
        * 'Athletic' Sale makes progress during simulated game
        * Shuck earns fourth-outfielder spot with White Sox
        * Garcia's emergence will be key to White Sox fortunes
        * Crain not going to rush process of getting shoulder healthy
        * FanGraphs bearish on White Sox position players
        * Final roster alignment a question of flexibility

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


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

        Archives
        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 Schedules Special Election To Replace Sc.....
        * A Tale of Two Cities: How Municipal M&A Saves T.....
        * Your feel-good story of the day..
        * Schock resignation effective today; Rauner sets.....
        * Village officials relieved, but schools leery o.....
        * CLC holds groundbreaking for new Science and En.....
        * Changing the law won't fix Indiana's reputation..
        * State airplane sale hitting turbulence again..


        * Rauner schedules special election to replace Schock
        * Judge: Ernie Banks' will giving estate to caretaker is valid
        * Judge rules Ernie Banks will is valid
        * Duckworth: Clinton needs to meet with Benghazi committee
        * Union alleges CTA violates free-speech rights
        * Cubs will track noise so Wrigley rehab doesn't disturb fans
        * Madigan announces Illinois anti-sexual assault effort
        * Chicago Cubs plan opening night Ernie Banks tribute
        * Poll: Chicago Mayor Emanuel opens big lead over Garcia
        * Violence wanes in Chicago, but fear looms over mayor's race

        * Duckworth says Clinton must testify on Benghazi, criticizes Kirk for Iran letter
        * Q&A: What happens now that Aaron Schock is out of office?
        * State's school districts adapt to new cyberbullying law
        * Duckworth: Clinton must testify before Benghazi committee
        * Ex-deputy treasurer to fun for Duckworth's seat
        * Ex-deputy treasurer to run for Duckworth's seat
        * LIHEAP utility assistance fund for Sangamon County is empty
        * LaHood talks transportation issues as he kicks off congressional campaign
        * Duckworth to challenge Kirk for U.S. Senate seat
        * Rauner to push for federal spy agency relocation

        * Judge rules Ernie Banks will is valid
        * Three Chicago-area hospice providers to merge
        * Arkansas gives final approval to religious-freedom bill
        * Absentee ballots climb: Is it the election or spring break?
        * Meet the money behind Scott Walker's political rise


          * Ambulance driver with license suspensions hits school bus, 15 injured
          * Police: 16-year-old dead after Englewood shooting, 2 others shot in Avalon Park
          * Obama commutes sentences of 22 convicted on drug charges
          * Man, woman found fatally stabbed in Avondale home
          * Waukegan man accused in Gojo's Cafe shooting set for April trial
          * Abandoned lot in West Rogers Park may soon get renovations
          * Duckworth blasts Kirk on Iran letter; his campaign dings her tax mistake
          * Garcia hits Emanuel on 'pay-to-play' politics
          * Sheriff's eviction unit finds man's body in Skokie home
          * Ernie Banks' will confirmed by judge


          * Flamin' Hot Cheetos top some Chicago Public School vending machines
          * What to watch for in the final mayoral debate
          * Indiana Gov. Pence signs religious objections bill
          * How organizations brace for Illinois budget cuts
          * Unions and Garcia push for $15-an-hour minimum wage
          * The Chicago rabbit: The unofficial face of wildlife is right under your nose
          * Obamacare tax rules trip some immigrants
          * Former Rep. Aaron Schock's staff to face tough prosecutor
          * Behind CPS graduation rates, a system of musical chairs
          * Health care tax rules trip up some immigrants


          * Duckworth says Clinton must testify on Benghazi, criticizes Kirk for Iran letter
          * Q&A: What happens now that Aaron Schock is out of office?
          * State's school districts adapt to new cyberbullying law
          * Ex-deputy treasurer to fun for Duckworth's seat
          * Our Opinion: Redpath, Senor, McFarland for Springfield's wards 1, 2 and 4
          * Kathleen Parker: A leap of faith — into thin air
          * LIHEAP utility assistance fund for Sangamon County is empty
          * LaHood talks transportation issues as he kicks off congressional campaign
          * Duckworth to challenge Kirk for U.S. Senate seat
          * Rauner to push for federal spy agency relocation


          * School board cancels special meeting
          * Property transfers
          * Marriages and divorces
          * Court Docket: Municipal court notes
          * Creative Arts Academy given $750,000 grant
          * Labor dispute causes canceled race at Fairmount Park
          * Belton Caldwell
          * Chat recap: 'A boon for Illinois'
          * Madison County man dies after he’s run over awaiting ride to hospital
          * Coroner: Man dies when wife backs over him in driveway


          * Krishnamoorthi plans, Noland considering bids for Congress
          * No Campton Hills watering ban this summer
          * Barrington Hills polo competition will continue, after all
          * Water main, sewer work continues in downtown Huntley
          * Aircraft din raising a ruckus in Chicago mayoral election

          * ‘Smelled it, tasted it, felt it’: VFW lead...
          * Kaergard: Schock's office not the only thi...
          * Bill Aimed at Changing Requirements for FE...
          * Senators pitch changes to FEMA disaster de...
          * Illinois Congressman Bost Says Granite Cit...
          * Bill to improve fairness of federal disast...
          * Longhi: Granite City layoffs not permanent
          * Local Republicans Rally At Annual Lincoln ...
          * US Rep. Randy Hultgren joins bipartisan gr...
          * Antolik receives Service Academy appointment

          * Obama Commutes Sentences for 22 Drug Offen......
          * Harry Reid on Jeb Bush: ‘I hope he loses’...
          * H-1B visa program needs reform...
          * Why Harry Reid’s likely successor Chuck Sc......

          * Rauner schedules special election to repla......
          * “He Sold Us Out”: Activists Fuming Over Bo......
          * Sen. Kirk to report raising $1 million in ......
          * With or Without Iran Deal, Obama Faces Fig......
          * Bipartisan barrage: Senate unanimously vot......

          * U.S. Reps. Schakowsky, Becerra: GOP 'Manufacturing' Social Security Crisis (VIDEO)
          * Chicago Mayoral Runoff 'Too Close To Call', New Poll Shows
          * Chicago Road Rage Caught on Camera
          * Rauner announces 18th CD special election dates ... sort of
          * Where's Weyermuller? At the City Club lunch with Jesus Chuy Garcia
          * Report: DuPage County Prosecutors Probing College Of DuPage's Spending
          * Aurora Ald. Johnson Refuses To Resign After Arrest Record Gets Revealed
          * 46th Ward Positive Loitering On Thursday
          * Need to Wash the Winter Off Your Vehicle?
          * Chicago Teacher's Union members on board with Chuy Garcia


          * IDHS Prescription Monitoring program helps control prescription drugs abuse in Illinois - Program has more than 26,000 registered users
          * Illinois Mayors to Celebrate National Service - April 7, 2015 Designated as “Mayors Day of Recognition”
          * Governor Rauner Takes Bill Action
          * Governor Announces Appointments B.R. Lane to lead Illinois Lottery; John Holden to continue leading Dept. of Aging
          * USDA Awards Grant to Illinois' JTED-SNAP Employment & Training Grant - Program helps participants find jobs and promotes business growth




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