[nysauhem]

"The setup lowers Google's overseas tax bill, but it also affects U.S. tax revenues as the government struggles to close a projected $1.4 trillion budget gap."

It's a ridiculous notion that any single corporation's tax contribution will put even the slightest dent in the budget deficit. Government spending is like gas in a vacuum, it will expand to fill whatever space you give it.

[ceejayoz]

Google is hardly the only corporation doing this.

[jacoblyles]

Government spending is up 100% over 10 years. Maybe someone should look into that.

[vermontdevil]

But the US can actually reduce the gap by cutting down on wasteful spending (see Iraq and Afghanistan adventures). This should be a priority but alas our politicians love to spend and that applies to both sides.