Los Angeles, California (The Adobo Chronicles) – Comprehensive immigration reform legislation may be dead this year in the U.S. Congress, but it hasn’t stopped President Barack Obama from using his executive powers to try to fix the country’s broken immigration system.

In a speech today at a community college in Los Angeles, Obama said that American-based firms that use legal loopholes to avoid paying U.S. taxes have effectively renounced any allegiance to their home country. “These firms are essentially renouncing their American citizenship so that they can ship their profits overseas to avoid paying taxes – even as they benefit from all the advantages of being here in America,” the president added.

To deal with the situation, Obama said he will issue an executive order shortly that would speed up the deportation of officials and owners of these firms. “They will be the top priority of the Department of Homeland Security when implementing the country’s immigration laws, Obama said. He added that “we will keep and take care of the undocumented, unaccompanied children from Central America who crossed our borders, as well as the 11 Million undocumented immigrants now in the country but who do not have criminal records. We will focus our deportation efforts on the moneyed crooks who don’t value their American citizenship.”