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Wednesday, July 13, 2011

Republican leaders fighting to keep tax cuts for keeping manufacturing offshore

One of the things the Republican leaders are fighting for right now in Washington for their corporate overlords, in the budget negotiations, is for corporations to keep tax incentives to take and keep manufacturing offshore. Yeah. Seriously. If President Obama and the Democrats take this away they call it "increasing taxes." It's crazy. Truly insane. If you totally ignored that we need the revenue, how about the fact that we need and want the jobs back here in the States, back here at home? Shouldn't that resonate with them? To go along with this (I've written on this before), there is a story out today on The Daily Ticker blog, reinforcing this: "America needs to get back to the basics of creating things of value and there is no better time than now, says Bob Lutz, former vice chairman of General Motors. 'There is a dawning awakening on the part of most Americans that we cannot maintain the wealth of the nation by being bond traders [and] lawyers,' he tells Aaron in the accompanying interview. 'At some point the country has to get back to work and create wealth through mining, agriculture or manufacturing.'" We need to ramp up and keep up pressure on Congress--and right now--to take away tax credits that take and keep manufacturing offshore. Nothing else makes sense. Link: http://finance.yahoo.com/blogs/daily-ticker/bring-home-no-excuse-not-manufacuture-u-bob-130200387.html#more-id

2 comments:

Radioman KC said...

I don't know to much about the double talk of taxes, but I absolutely agree that we must bring manufacturing back home or we'll be an empty shell, like France.

Mo Rage said...

Agreed. This seems like such a no-brainer but the Repubs want to keep their corporate suppliers of campaign cash happy so they call this a "tax increase." It's crazy. It's irresponsible. It's just dumb. On top of that, it's blatantly dishonest to us, the American people, at least to me and some of us out here.