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Stolen Valor; Apple's Taxes; GOP Targets NSF Funding

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Due Diligence

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Chapter 1:  House Passes Bill to Criminalize False Claims About Military Honors

The House of Representatives just passed a new version of the Stolen Valor Act which would make it a federal crime to lie about military honors. A similar law had been in effect for six years until the Supreme Court ruled it as unconstitutional last year. The new version of the bill works around the ruling making it illegal only in cases in which someone lies for material profit. A Senate version has been introduced but is waiting committee approval. We talk to Mark Seavey, New Media Manager , American Legion, and an attorney familiar with the Stolen Valor Act law.

Chapter 2:   Apple CEO Tim Cook Grilled by Congress About Tax Evasion

Apple CEO Tim Cook visited The Hill today to answer questions regarding accusations his company took advantage of tax loopholes by using a shell company in Ireland to indemnify profits. Cook defended the practices in front of the U.S. Senate Permanent Subcommittee on Investigations earlier today saying they comply with the law and pay all the taxes the company is due. Rather he blamed what he called an outdated tax code and called for a simplified tax system that lowers rates and provides for a reasonable tax on foreign earnings. We talk to Mihir Desai, Professor of Finance at Harvard Business School, and Matthew Gardner with Citizens for Tax Justice and author of the CTJ’s Apple report.

Chapter 3:  Congress Considers Reducing Science Funding and Heightening Peer Review Requirements

We talk to Jeff Mervis of Science Magazine.

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