From the "I can't believe we have to even say this" file

From this breaking article today--this morning--on Yahoo! News:

5 Unfair Tax Breaks That Should Be Eliminated (link at bottom)

Here's the last one, number 5:

Tax break for offshoring U.S. jobs

Businesses also get their fair share of tax breaks and tax loopholes. The ability to save on corporate taxes by shipping operations overseas is one of the most vilified corporate tax breaks.

U.S. businesses get a tax deduction for the costs they incur in relocating their domestic operations to a foreign location. True, it's not a special tax break for moving, say, a factory and its 600 jobs from St. Louis to Singapore. If the company had moved from St. Louis to Indianapolis, the business would get the same tax deduction. And, says the Tax Foundation, jobs are at least three times more likely to be relocated from one state to another than overseas.

Still, when U.S. unemployment is high, a tax break that rewards the elimination of more U.S. jobs seems like a really bad idea.

I've said this before here, that any and all tax deductions that reward companies and people for offshoring jobs should, without doubt, be rescinded. The Democrats proposed it in Congress, a year or two ago, but it was killed by that other political party as "raising taxes."

We need jobs here, first of all, and second, there shouldn't be tax breaks for offshoring manufacturing or other jobs because, after all, we need the tax revenue here in the States.

It's difficult to believe we even have to say this, isn't it?

Link to original post: http://finance.yahoo.com/news/5-egregious-tax-loopholes-benefit-080033155.html