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NEW AD: Bermuda? Ireland? China? Mike McFadden is not for us.

NEW AD: Bermuda? Ireland? China? Mike McFadden is not for us.
McFadden supports tax breaks for companies that move jobs overseas to places like China

ST. PAUL [10/8/14] — Today, the Franken campaign released a new TV ad that shines a light on how investment banker Mike McFadden and his company have profited by exploiting tax loopholes.

The new ad accompanied the launch of a new website — McFaddenIsNotForYou.com — where Minnesotans can find out something new about Mike McFadden every day before Election Day. There’s a lot Minnesotans still don’t know about Mike McFadden, so stay tuned.

The 30-second statewide ad, titled “Postcards,” asks Minnesotans, “Where do you go to avoid paying taxes?” and shows a series of postcards from Bermuda, Ireland and China, while highlighting Mike McFadden’s business dealings and out of touch policy positions.

First, Minnesotans learned that Mike McFadden’s company benefits from a tax loophole to avoid paying millions in U.S. taxes. Then, Minnesotans learned McFadden’s company made $11 million on a merger that moved an American company offshore to Ireland to avoid paying U.S. taxes. Now, Minnesotans are learning that McFadden supports tax breaks for companies that ship American jobs overseas to places like China. The ad concludes: “No matter where you go, Mike McFadden is not for us.”

“Investment banker Mike McFadden’s support for tax breaks for companies that ship American jobs overseas to places like China proves he will always put profits over people,”said Alexandra Fetissoff, Franken campaign spokesperson. “He’s just not for us.”

Sen. Al Franken has voted time and again to try and eliminate these tax loopholes that reward companies for shipping jobs overseas.

Documentation of the ad can be found here.

TRANSCRIPT:

AL FRANKEN: I’m Al Franken, and I approved this message.

ANNOUNCER: Where do you go to avoid paying taxes? How about Bermuda? That’s where Mike McFadden’s company benefits from a tax loophole to avoid paying American taxes. Then there’s Ireland. McFadden’s company made $11 million on a deal to help a company avoid U.S. taxes by moving there. China? McFadden supports tax breaks for companies that move our jobs overseas. No matter where you go, Mike McFadden is not for us.

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