Democrats are still taking shots at "Millionaire Burns," this time over tax practices over a former health care company.
National Democrats are attacking Republican House candidate Tim Burns because he was an executive for a healthcare company that deferred taxes on income earned overseas.
The Obama administration wants to repeal deferral, which has long been criticized by some Democrats as a tax loophole that allows companies to shelter income abroad. Critics believe it leads to the out-sourcing of U.S. jobs. Research has shown the practice costs the federal government from $12 billion to $28 billion annually in lost tax revenue because the money is often reinvested abroad and never repatriated.