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This bill will not fix the offshoring problem.
You cannot force Google to hire Americans in America and tax them if they decide to hire Chinese in China because Google in China is a subsidiary of Google in the US and not considered one single company who is hiring in China over the US.l
You see it as punishment, but the idea is to reward those companies who replace an offshored jobs and bring them back to US.
Last edited by Finn_Jarber; 09-28-2010 at 06:04 AM..
The Senate is scheduled to vote today on a bill which makes changes in the tax system to punish companies which move American jobs off-shore and to give tax breaks to those which bring our jobs back.
It's far, far overdue, but the Republican's have vowed to kill it.
Again Obama and Co. missed the boat on this one. Corporate tax rate is already at 35%, tied with the highest of industrialized nations. If they would lower the corporate tax to make the US more business friendly we would see significant numbers of jobs and likely also manufacturing return to our shores. As is this proposed measure is likely to drive more jobs away.
Just as the reduction of the capital gains tax brought in more revenue so would the reduction of the corporate tax bring more business and jobs to the US. As always the aswer for liberal is control and punish, not reward and incentivise. Idiots.
I agree that coroprate tax is too high, but since Republicans did not lower it and Dems will not lower it, then who will?
The Senate is scheduled to vote today on a bill which makes changes in the tax system to punish companies which move American jobs off-shore and to give tax breaks to those which bring our jobs back.
It's far, far overdue, but the Republican's have vowed to kill it.
All career politicians are on the take, when it comes to special interest payoffs.
That is why when our nation was founded and how our government was a circle of checks and balances. You had the special interests, the States and the federal government. All with a check and a balance on one another.
No longer are the States interests in the picture. Special interest elects State Senators. Special interest elects House members and special interest elects Presidents. There is no longer a checks and balances system. You get what ever special interest want you to get, so it favors them and not the people that are led to believe, they are in control of what happens.
You can thank the Progressive Era for that and the big government freedom grab 100 years ago.
Referred to as liberal ever since, because Progressives were hated after that mess, they finally got the courage to take the mask off as Obama came into office.
Once again, the hatred for Progressive freedom grabbing is coming back and the American people are more informed than ever. Will we ever be able to kill Progressive thinking? Probably not, but we can put them back in the shadows where they are scare to death to voice their I know better than you attitude. American Freedom, what is it really and what exactly did we fight a Revolution with Britain for.
Why are we going back to government having more power than the people?
All career politicians are on the take, when it comes to special interest payoffs.
That is why when our nation was founded and how our government was a circle of checks and balances. You had the special interests, the States and the federal government. All with a check and a balance on one another.
No longer are the States interests in the picture. Special interest elects State Senators. Special interest elects House members and special interest elects Presidents. There is no longer a checks and balances system. You get what ever special interest want you to get, so it favors them and not the people that are led to believe, they are in control of what happens.
You can thank the Progressive Era for that and the big government freedom grab 100 years ago.
Referred to as liberal ever since, because Progressives were hated after that mess, they finally got the courage to take the mask off as Obama came into office.
Once again, the hatred for Progressive freedom grabbing is coming back and the American people are more informed than ever. Will we ever be able to kill Progressive thinking? Probably not, but we can put them back in the shadows where they are scare to death to voice their I know better than you attitude. American Freedom, what is it really and what exactly did we fight a Revolution with Britain for.
Why are we going back to government having more power than the people?
So, it's all the fault of progressives and nobody else?
I think your view of history is somewhat myopic and distorted. There's plenty of blame to go around and, to me, it mostly falls on The People who have gotten exactly the kind of government they thought they wanted.
Just what "freedoms" have the Progressives or the Liberals taken from you? The freedom to refuse to sell to everyone and not just people with the same skin color as you? The freedom to force your religion on all your neighbors? The freedom to form monopolies and set prices? Just what freedoms have you lost?
Senate takes up 'anti-offshoring' job bill - Yahoo! Finance (http://finance.yahoo.com/news/Senate-takes-up-cnnm-1091210671.html?x=0&.v=3 - broken link)
"Durbin and other Democrats plan to bring the bill up for a vote Tuesday, but the legislation has already come under attack from Republicans and business groups."
You miss the truth. The headline is mis-leading, as usual.
Yes the republicans are against it. So what?
The democrats CANNOT get ALL their members to vote for it.
The democrats have paeed everything else WITHOUT the republicans.
It's far, far overdue, but the Republican's have vowed to kill it.
It's not overdue at all. Protectionism will not help American workers. Some of the worst economies in the world have the most protectionism.
Would you like to pay the high price for goods made in the USA? Let's see... a good pair of golf shoes made in Massachusetts back in 1970 cost about $200. Today, they cost $150.
In current dollars, the shoes made in 1970 at a USA factory cost about $1092. So how many hard working American golfers would be playing golf today if they had to pay $1092 for golf shoes?
Just what "freedoms" have the Progressives or the Liberals taken from you? The freedom to refuse to sell to everyone and not just people with the same skin color as you? The freedom to force your religion on all your neighbors? The freedom to form monopolies and set prices? Just what freedoms have you lost?
Offcourse the regressives cant stand progressives.
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