FLASHBACK - Kerry, Exporting Jobs, and Taxes | WHAT REALLY HAPPENED


FLASHBACK - Kerry, Exporting Jobs, and Taxes

Kerry promised to:

close the tax loopholes that reward companies for shipping jobs overseas. Instead, we will reward companies that create and keep good paying jobs where they belong, in the good old U.S.A. We value an America that exports products, not jobs. And we believe American workers should never have to subsidize the loss of their own job.

His web site says a bit more:

Close Loopholes In International Tax Law That Encourage Outsourcing. Today’s tax law provides big breaks for companies that send American jobs overseas. Current “deferral” policies allow American companies to avoid paying American taxes on the income earned by their foreign subsidiaries and encourage them to keep their profits parked overseas, not reinvested in America. As president, John Kerry will end deferral that encourages outsourcing and will shut down other loopholes to make the tax code work for the American worker, not provide tax breaks for companies that ship jobs overseas.

Webmaster's Commentary: 

Yet another reminder that the current economic mess is the creation of the US Government. Any "solution: will be to take even more away from the people to give to corporations. They are already doing it. The Federal Reserve is just printing up money to pour into the investment banks, and it is a given that somewhere down the road, YOU will be forced to repay it all.

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