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Obama to Stop Tax Benefits if Jobs are Shipped Overseas

Democrat presidential nominee Sen. Obama has threatened to stop tax breaks for US companies that outsource jobs to foreign destinations. This stand forms a major plank of his economic policy which is committed to keeping jobs within the country in order to prevent further lay offs in a stagnant economy.
Published On:	9/7/2008
Submitted On:	9/7/2008 9:53:24 AM by Picka
Categories:	Business and Economy & Taxes

User Comments

Submitted by RIGOR 120 days ago

Oh, the ignorance of a world economy, Senator Obama... When we sell products, do we only compete with U.S. companies? That's right kids... No. So, when labor is cheaper elsewhere, companies here have to outsource to even be able compete. It's simple, if it costs $10 per item to make here where it's $2 outsourced, this will keep you competitive of those countries who are also using cheap labor. If you're forced at $10, it's easy for the other country to lower their price and your company going under because you don't make money (for example) selling them for $8. Having all the jobs here sounds good only in it's sole ignorant context. It's a world economy Obama. I know you don't want to deal with the rest of the world, but you will be forced to. In addition to that, this exploits the poor simply by raising prices for all these goods that are sold here. It's really simple, if something costs more to make, you have to sell it for a higher price. I hope people get that.

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