Wednesday, January 25, 2012
The US gives tax credits right now to offshore manufacturiing
One of the most obvious, simple, intelligent and helpful things our US Congress could and should do is this, from President Obama's State of the Union address last evening: Right now, companies get tax breaks for moving jobs and profits overseas. Meanwhile, companies that choose to stay in America get hit with one of the highest tax rates in the world. It makes no sense, and everyone knows it. The fact is, most Americans don't know that right now, with our current tax code, we actually reward companies for taking manufacturing offshore, nearly unbelievably. Not only that, but the Democrats proposed, last year, doing away with all these. No brainer, right? Well, not so for the Republicans---they killed it, insanely and irresponsibly enough. This should go and go immediately. Please write your Senators and Representatives in Congress today--or as soon as possible. This needs to change and change quicly. Link to the SOTU address: http://www.washingtonpost.com/politics/state-of-the-union-2012-obama-speech-excerpts/2012/01/24/gIQA9D3QOQ_story.html?wpisrc=al_comboNP_p
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