WASHINGTON -- Eduardo Saverin's decision to renounce his United States citizenship in order to avoid paying taxes on his Facebook stock was "absolutely outrageous," House Speaker John Boehner (R-Ohio) told ABC's George Stephanopolous on "This Week."
Boehner said that his move was "already against the law," likely referring to legislation written in the 1990s by now-Sen. Jack Reed (D-R.I.).
Saverin, a Facebook cofounder, could save tens or hundreds of millions in taxes by ditching his American citizenship. In a statement responding the outcry, Saverin said that it was unfortunate that his personal decision had created "a public debate." But if there is a debate about his behavior, it's decidedly one-sided, with everyone from Boehner to Democratic Sen. Chuck Schumer on the same side, and Saverin and Rush Limbaugh on the other.
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