In a speech in California today, President Obama urged Congress to approve anti-inversion legislation sponsored by Sen. Carl Levin and Rep. Sander Levin (“The Stop Corporate Inversions Act of 2014.”)  

The President said, “These companies are cherry-picking the rules, and it damages the country’s finances.”  President Obama further discussed inversions and said, “It adds to the deficit. It sticks you with the tab to make up for what they are stashing offshore.”  He added, “I don’t care if it’s legal — it’s wrong. . . . You shouldn’t get to call yourself an American company only when you want a handout from the American taxpayers.”