Bush closes defense contractor tax loophole

[Vermouth]

President Bush on Tuesday shut a loophole that defense contractors had been using to avoid paying millions of dollars in payroll taxes.
...
The Senate Finance Committee estimates that thousands of companies have registered in the Caymans to dodge taxes.

http://www.boston.com/news/nation/washington/articles/2008/06/17/bush_closes_defense_contractor_tax_loophole/

[Gunit Hussein Sangh]

That headline should read bush signs legislation passed by congress that closes the loophole.

I'm glad he did it. Now ... will he crack down on contracting fraud in Iraq that's ripped off the american taxpayer by billions