Did Obama and the Democrats close corporate tax loopholes and tax havens when they had a super majority?

In his acceptance speech at the Democratic convention on Aug. 28, Mr. Obama said, "I've laid out how I'll pay for every dime -- by closing corporate loopholes and tax havens."



Did he do it, as promised?Did Obama and the Democrats close corporate tax loopholes and tax havens when they had a super majority?noDid Obama and the Democrats close corporate tax loopholes and tax havens when they had a super majority?Yes, many of them. At the time of that speech he offered 52 international tax proposals.

Many of those became law when Congress passed HR 2847, the Foreign Account Tax Compliance Act.

http://www.irs.gov/businesses/corporatio鈥?/a>

That's a summary of major provisions. FATCA was part of the Hiring Incentives to Restore Employment Act of 2010. It became law on March 18, 2010 but some of its major provisions won't become effective until 2012.Did Obama and the Democrats close corporate tax loopholes and tax havens when they had a super majority?Pieces currently rated "Promise Kept" or "in the works":

http://www.politifact.com/truth-o-meter/鈥?/a>

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