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Old 08-05-2012, 01:18 PM
 
Location: NJ
18,665 posts, read 20,036,634 times
Reputation: 7315

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While Japan may be dead due to the quake, the reality is now, and for the forseeable decades to come, transplants will own the majority of US auto sales, and it started by Detroit ignoring the customer.

I'm not sure we've learned the error of our ways yet, and that is alarming.
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Old 08-05-2012, 01:21 PM
 
Location: San Francisco, CA
15,087 posts, read 13,498,724 times
Reputation: 14266
meh... Democrats don't know how to bring jobs back to this country. And Republicans don't care to do it, since they only serve the interests of the top company management and then sell us this outdated canard that it will "trickle down."
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Old 08-05-2012, 01:32 PM
 
Location: Houston
26,979 posts, read 15,961,554 times
Reputation: 11259
After reading it I understand why rational people voted against it. At least we got 42 senators who got it right this time.
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Old 08-05-2012, 02:04 PM
 
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,501,818 times
Reputation: 6671
Quote:
Originally Posted by whogo View Post
After reading it I understand why rational people voted against it. At least we got 42 senators who got it right this time.
We keep hearing that. And what reasons might those be, exactly, especially that could be so serious they'd unite all the senators from the same party (aka, the party of reaction, "the Party of No")...?!


Forward. - YouTube
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Old 08-05-2012, 02:35 PM
 
Location: Houston
26,979 posts, read 15,961,554 times
Reputation: 11259
Quote:
Originally Posted by mateo45 View Post
We keep hearing that. And what reasons might those be, exactly, especially that could be so serious they'd unite all the senators from the same party (aka, the party of reaction, "the Party of No")...?!
From the bill:

Quote:
SEC. 280I. OUTSOURCING EXPENSES.
  • `(a) In General- No deduction otherwise allowable under this chapter shall be allowed for any specified outsourcing expense.
  • `(b) Specified Outsourcing Expense- For purposes of this section--
    • `(1) IN GENERAL- The term `specified outsourcing expense' means--
      • `(A) any eligible expense paid or incurred by the taxpayer in connection with the elimination of any business unit of the taxpayer (or of any member of any expanded affiliated group in which the taxpayer is also a member) located within the United States, and
      • `(B) any eligible expense paid or incurred by the taxpayer in connection with the establishment of any business unit of the taxpayer (or of any member of any expanded affiliated group in which the taxpayer is also a member) located outside the United States,
Are there any exceptions if a company wishes to expand overseas in a business that logistics require there personel be overseas? Businesses ranging from fresh produce to industrial gases? That section B seems to apply to businesses where simple logistics would tell you a business has to be overseas. Another tax on business...just what we need during a re... err...extremely slow recovery.

Yep, moving forward down the road to serfdom.

Be aware of bills with names that your initial instinct is to think "How could anyone oppose that?". Like the "Patriot Act" and this little bill here.
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Old 08-05-2012, 02:37 PM
 
79,910 posts, read 44,435,786 times
Reputation: 17214
Quote:
Originally Posted by whogo View Post
From the bill:



Are there any exceptions if a company wishes to expand overseas in a business that logistics require there personel be overseas? Businesses ranging from fresh produce to industrial gases? That section B seems to apply to businesses where simple logistics would tell you a business has to be overseas. Another tax on business...just what we need during a re... err...extremely slow recovery.

Yep, moving forward down the road to serfdom.

Be aware of bills with names that your initial instinct is to think "How could anyone oppose that?". Like the "Patriot Act" and this little bill here.
There should not be tax deductions for expanding overseas. Lobby for breaks in the other country if it's something you feel you have to do.
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