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Sunday, May 20, 2012

postheadericon Boehner: New legislation punishing tax-dodgers for renouncing citizenship 'unnecessary'

House Speaker John Boehner (R-Ohio) said Sunday he would support legislation to punish individuals, such as a wealthy co-founder of Facebook, for renouncing citizenship in order to avoid paying U.S. taxes, but doubted new legislation was needed to punish them.

"There's already a law in the books," Boehner told ABC's George Stephanopoulos in an interview on ABC's "This Week." "It's already against the law."

Democratic Sens. Charles Schumer (N.Y.) and Bob Casey Jr. (Pa.) announced legislation last week designed to punish people who renounce their citizenship in order to dodge taxes. 

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