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Monday, September 13, 2010

Lost in the relentless coverage of a lunatic in Florida and the Thrilla in Wasilla...
Posted by Jill | 5:29 AM
While teabaggers were out there enjoying the 9/11 attacks all over again (it IS wingnut Christmas, after all), something that ought to have gotten the attention of every teabagger whose job was outsourced during the last decade and a half got ZERO coverage here at home:
President Barack Obama today underlined his determination to end tax incentives for companies that create jobs overseas, saying he will provide a generous tax credit to companies that create more jobs in the US.

Amid indication that outsourcing could become a hot issue in the November elections, Obama said the tax breaks should go to companies that create jobs in the US and not overseas.

"One of the keys to job creation is to encourage companies to invest more in the United States. But for years, our tax code has actually given billions of dollars in tax breaks that encourage companies to create jobs and profits in other countries,” Obama said in his speech on economy at Cleveland, Ohio.

The President said he was determined to change that. "I want to change that. Instead of tax loopholes that incentivise investment in overseas jobs, I'm proposing a more generous, permanent extension of the tax credit that goes to companies for all the research and innovation they do right here in America," Obama said with Ohio Governor Ted Strickland standing by his side.

But of course why let coverage of something GOOD that Obama wants to do get in the way of relentlessly flogging the ravings of a religious lunatic or endless discussion of whether the President's response about said lunatic was adequate.

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2 Comments:
Blogger Bartender Cabbie said...
Credit given where credit due. Hopefully this will come to pass
9/13/10, 7:03 AM  
Blogger casey said...
Hello Jill,

All hat and no cattle. He talks a good to great game but when it comes to action it becomes bizarro world. "Instead of tax loopholes that incentivise investment in overseas jobs, I'm proposing a more generous, permanent extension of the tax credit that goes to companies for all the research and innovation they do right here in America," Obama said with Ohio Governor Ted Strickland standing by his side". Nothing said about removing the tax loopholes that give incentives to move jobs overseas only money for research and innovation which will be implemented by overseas companies. We develop it and it is produced overseas. Sent back to the US with low to nonexistent tariffs.
9/13/10, 7:50 AM  
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