Today I got this email:
Under current law, American companies can actually get a tax deduction for outsourcing jobs.
That's the opposite of how it should work. President Obama is proposing to end tax deductions for outsourcing, create a new tax credit for bringing jobs home, and lower tax rates for companies that manufacture and create jobs in the United States.
I don't have time to research it now, but I'd really like to know what bright bulb decided to give companies a tax break if they sent American jobs overseas!
I thought they did it simply because the wages they'd have to pay overseas were lower, I didn't think it was because they were actually encouraged - tax wise - to do it!
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