It was GOP tax breaks and subsidies that moved millions of jobs to China. Not trade agreements.

[rdean]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

http://thehill.com/blogs/floor-acti...-block-bill-to-end-tax-breaks-for-outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

 

[hazlnut]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

Senate Republicans block bill to end tax breaks for outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

You'd think the Donald would know this.

I guess he's not as bright as he seems.

 

[Hossfly]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

Senate Republicans block bill to end tax breaks for outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

Whatever the reason, a flat tax would eliminate all the tax hocus pocus.

 

[Iceweasel]

Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes.

I'm not going to waste with your whole speil but business expenses are tax deductible because they are less money you made. If you want to punish businesses even more don't be surprised if very many remain.

 

[Obiwan]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

http://thehill.com/blogs/floor-acti...-block-bill-to-end-tax-breaks-for-outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

Any minimal amount of research shows that PolitiFart (run by the Liberal Tampa Bay Times) is extremely biased....

So what's next??? An "opinion" by Moron.org????

 

[Obiwan]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

Senate Republicans block bill to end tax breaks for outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

But I can run with a Liberal source, too...

Bill Clinton's True Legacy: Outsourcer-in-Chief
Progressives who justifiably condemn the repeal of the Glass-Steagall law that resulted in deregulating banks have Clinton to blame. According to the findings of the Financial Crisis Inquiry Committee, "The decision in 2000 to shield the exotic financial instruments known as over-the-counter derivatives from regulation, made during the last year of President Bill Clinton's term, is called 'a key turning point' in the march towards the financial crisis."

But the only thing worse than being a taxpayer forced to bail out reckless banks is losing your job because it's been outsourced or offshored. As Richard McCormack pointed out in the American Prospect, in the beginning of this century American companies stopped making the products Americans continued to buy, from clothing to computers. Manufacturers never emerged from the 2001 recession, which coincided with China's entry into the World Trade Organization. Between 2001 and 2009 the U.S. lost 42,400 factories and manufacturing employment dropped to 11.7 million, a loss of 32 percent of all manufacturing jobs. The last time fewer than 12 million people worked in the manufacturing sector was in 1941.


Clinton had the gall to accuse those who opposed China's entry into the WTO of "aligning themselves with the Chinese army and hard-liners in Beijing who do not want accession for China." Clinton claimed that the agreement that he championed "creates a win-win result for both countries," arguingthat exports to China "now support hundreds of thousands of American jobs" and "these figures can grow substantially." (Clinton's press person at the Clinton Global Initiative did not respond to my requests for feedback.)

The facts contradict these assertions. Imports of computers and electronic partsaccounted for almost half of the $178 billion increase in the U.S. trade deficit with China between 2001 and 2007 and the loss of 2.3 million jobs, according to the Economic Policy Institute.

Clinton then went on to enact NAFTA, or the North America Free Trade Act, which asAmerican Prospect editor Robert Kuttner has observed, "was less about trade and more about making it easier for U.S. based multinationals and banks to take over Mexican companies."

As is the case too often on Capitol Hill, the revolving door between government jobs and the banking industry compromises too many decisions. As Jeff Faux observed in his must-read book, The Global Class War, it's no surprise that Robert Rubin, Clinton's Treasury Secretary, had the gall to sell Americans on NAFTA, given that after leaving Treasury Rubin took a job as chairman of Citigroup's executive committee, where one of his roles was buying Mexican bank Banamex for $12.5 billion in 2001.

Not only did Average Joe NOT gain from NAFTA -- according to the Economic Policy Institute as of 2010 U.S. trade deficits with Mexico totaling $97.2 billion had displaced682,000 U.S jobs. But "Average Jose" didn't make out well, either; NAFTA is very likely the driver behind the surge of Mexican immigrants to the U.S. As Faux observes, between 1993 and 2002 two million Mexican farmers were forced to abandon their land as a result of increased imports of food from the U.S. Mexican wages have also shrunk; while they were about 23% of U.S. wages in the mid 1970s by 2002 they shrank to 12% of them.

 

[froggy]

Look what Obama GAVE the company that moved 1,400 jobs to Mexico... - Allen B. West - AllenBWest.com

 

[MisterBeale]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

http://thehill.com/blogs/floor-acti...-block-bill-to-end-tax-breaks-for-outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

Fine, let's just say the Democrats started the fire for their donors, and the Republican threw gasoline onto it for theirs, shall we?

Bill Clinton's True Legacy: Outsourcer-in-Chief
Clinton's Signing NAFTA/GATT Cut America's Economic

Wonder why it isn't just the U.S. that's facing economic doldrums -- virtually every European Union country except Germany is in the tank? Because most of these countries used to prosper by making stuff that China makes more cheaply. As Michael Casey pointed out in his book, Unfair Trade, "Look no further than the destitute 'peripheral' nations of the euro zone -- Greece, Italy, Spain, Portugal, Ireland -- all desperate to export their way out of a crisis that's roiling the entire global economy. Shackled to an overly strong euro, their producers are no match for the cheap products of China and the undervalued yuan, which traps them in a vicious cycle of sliding growth, rising debts, and, ironically, dependence on Beijing for financing." (This inconvenient economic reality is another reason why the euro may have been a great idea but the European Union wasn't -- but that's another story.)

<snip>

My view is that neither carrots nor sticks will do the trick since it's the lure of rock-bottom Chinese and Mexican wages that has addicted corporations to outsourcing. Given that 65% of people polled by the Council on Foreign Relations said that globalization had a negative effect on job security for American workers, it's time for Americans to put their money where their mouths are and consider refusing to buy stuff that's not made in the U.S.A. even if it does smack of protectionism. Any other ideas out there? Please post your suggestions so we can address this major economic challenge.


Do you REALLY think that if an establishment candidate from either party gets elected POTUS that the TPP is sunk?

45 times Clinton pushed the trade bill she now opposes - CNNPolitics.com

Ted Cruz Flips on Trade Bill on Eve of Key Senate Vote

Exclusive: Obamatrade Separates Ted Cruz, Marco Rubio - Breitbart

Here Trump points out precisely the problem that affects Greece. . .
Exclusive — Donald Trump: Obama’s Trans-Pacific Free-Trade Deal Is ‘Insanity’
Trump: Obama's Trans-Pacific Partnership Deal Is 'Insanity'

“The deal is so bad because of the fact they don’t cover currency manipulation,” Trump added. “It’s the number-one weapon used by foreign countries to hurt the United States and take away jobs.”

The TPP will come back in some form, and the problems in the first draft will not be addressed because if the establishment is in control, the establishment will make sure currency manipulation is not addressed.

The establishment would like to control all currency.

 

[MisterBeale]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

Senate Republicans block bill to end tax breaks for outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

But I can run with a Liberal source, too...

Bill Clinton's True Legacy: Outsourcer-in-Chief
Progressives who justifiably condemn the repeal of the Glass-Steagall law that resulted in deregulating banks have Clinton to blame. According to the findings of the Financial Crisis Inquiry Committee, "The decision in 2000 to shield the exotic financial instruments known as over-the-counter derivatives from regulation, made during the last year of President Bill Clinton's term, is called 'a key turning point' in the march towards the financial crisis."

But the only thing worse than being a taxpayer forced to bail out reckless banks is losing your job because it's been outsourced or offshored. As Richard McCormack pointed out in the American Prospect, in the beginning of this century American companies stopped making the products Americans continued to buy, from clothing to computers. Manufacturers never emerged from the 2001 recession, which coincided with China's entry into the World Trade Organization. Between 2001 and 2009 the U.S. lost 42,400 factories and manufacturing employment dropped to 11.7 million, a loss of 32 percent of all manufacturing jobs. The last time fewer than 12 million people worked in the manufacturing sector was in 1941.


Clinton had the gall to accuse those who opposed China's entry into the WTO of "aligning themselves with the Chinese army and hard-liners in Beijing who do not want accession for China." Clinton claimed that the agreement that he championed "creates a win-win result for both countries," arguingthat exports to China "now support hundreds of thousands of American jobs" and "these figures can grow substantially." (Clinton's press person at the Clinton Global Initiative did not respond to my requests for feedback.)

The facts contradict these assertions. Imports of computers and electronic partsaccounted for almost half of the $178 billion increase in the U.S. trade deficit with China between 2001 and 2007 and the loss of 2.3 million jobs, according to the Economic Policy Institute.

Clinton then went on to enact NAFTA, or the North America Free Trade Act, which asAmerican Prospect editor Robert Kuttner has observed, "was less about trade and more about making it easier for U.S. based multinationals and banks to take over Mexican companies."

As is the case too often on Capitol Hill, the revolving door between government jobs and the banking industry compromises too many decisions. As Jeff Faux observed in his must-read book, The Global Class War, it's no surprise that Robert Rubin, Clinton's Treasury Secretary, had the gall to sell Americans on NAFTA, given that after leaving Treasury Rubin took a job as chairman of Citigroup's executive committee, where one of his roles was buying Mexican bank Banamex for $12.5 billion in 2001.

Not only did Average Joe NOT gain from NAFTA -- according to the Economic Policy Institute as of 2010 U.S. trade deficits with Mexico totaling $97.2 billion had displaced682,000 U.S jobs. But "Average Jose" didn't make out well, either; NAFTA is very likely the driver behind the surge of Mexican immigrants to the U.S. As Faux observes, between 1993 and 2002 two million Mexican farmers were forced to abandon their land as a result of increased imports of food from the U.S. Mexican wages have also shrunk; while they were about 23% of U.S. wages in the mid 1970s by 2002 they shrank to 12% of them.

Ha ha, while you were making your post, I was making mine. It appears, same source.

 

[Timmy]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

Senate Republicans block bill to end tax breaks for outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

Whatever the reason, a flat tax would eliminate all the tax hocus pocus.

How so?

Can't a company just move somewhere else and not even file their flat tax postcard ?

 

[bripat9643]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

Senate Republicans block bill to end tax breaks for outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

Whatever the reason, a flat tax would eliminate all the tax hocus pocus.

No it wouldn't.

Only abolishing the income tax would do that.

 

[bripat9643]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

Senate Republicans block bill to end tax breaks for outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

So a "Republican tax break" means failing to approve a Democrat scheme to confiscate private property. The Democrat bill would have been overruled by the Supreme Court as a violation of the 5th Amendment.

 

[Obiwan]

Look what Obama GAVE the company that moved 1,400 jobs to Mexico... - Allen B. West - AllenBWest.com

That's a rather big issue here in Indianapolis, where those 1,400 people lost their jobs (AFTER Obungles gave the company $5.1 million)....

 

[Timmy]

How does a flat tax work for a company ?

If there's no deductions , how are u measuring their income ?

 

[bripat9643]

How does a flat tax work for a company ?

If there's no deductions , how are u measuring their income ?

BINGO!

You actually understand the problem.

The flat tax is a bogus solution to the problem. That's one thing that lowers my respect for Cruz. He keeps pushing this horseshit as a way to get rid of the IRS. It won't do that.

 

[Timmy]

Look what Obama GAVE the company that moved 1,400 jobs to Mexico... - Allen B. West - AllenBWest.com

Trumps clothing line is made in Mexico .

 

[Manonthestreet]

It was MFN status....without it China would still be backwards

 

[froggy]

Look what Obama GAVE the company that moved 1,400 jobs to Mexico... - Allen B. West - AllenBWest.com

Trumps clothing line is made in Mexico .

Show info

 

[bripat9643]

Look what Obama GAVE the company that moved 1,400 jobs to Mexico... - Allen B. West - AllenBWest.com

Trumps clothing line is made in Mexico .

There are no U.S. companies that manufacture clothing, nimrod.

 

[usmcstinger]

Whitehouse says companies get a tax break for moving jobs overseas

So the law Whitehouse decries is still the law. There is little debate that the current system allows companies to get a tax break for their expenses when they send jobs outside the U.S.
We rate Whitehouse's statement True.

GOP senators block Dem ‘insourcing’ bill
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.

Senate Republicans block bill to end tax breaks for outsourcing
Senate Republicans block bill to end tax breaks for outsourcing


Bernie Santa's followers have it all wrong. There is nothing in any trade agreement about tax breaks for companies moving millions of American jobs to China. It's been and has always been about GOP tax cuts and subsidies for companies moving to China. Come on people, get it right.

Companies are going over seas because it is cheaper. Until we lower the the US Corporate Tax Rate, companies will be going over seas to remain competitive. The US has not been Business Friendly for over 8 years. The US Government needs to learn from our Business Friendly States.