swampdragon
10-16-2010, 06:06 PM
Regardless of your favorite political party....what do you think about this particular subject?
As much as it pains me to say, I actually "do" agree that we need more incentives to keep American companies in AMERICA and employ AMERICANS.
http://www.voanews.com/english/news/Obama-Says-Tax-Code-Changes-Promote-Jobs-in-US--105096329.html
U.S. President Barack Obama is again calling on Congress to end tax breaks which he says encourage companies to create jobs in other countries. The president's weekly address Saturday focused on the economy, the top issue in the upcoming mid-term election.
With U.S. unemployment mired at 9.5 percent and Democrats expecting big losses in congressional elections, President Obama is campaigning for new tax laws that he says will keep jobs in the country.
"Now, one of the keys to job creation is to encourage companies to invest more in the United States," he said. "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."
Mr. Obama says tax breaks should benefit companies that create new jobs in the United States and keep existing ones in the country.
The president wants to give all businesses a tax break on the cost of new equipment they buy next year. He also wants to make permanent a tax credit for research and experimentation. Mr. Obama says those changes will spur more hiring and help the U.S. better compete in the global market, especially in growing industries such as clean energy.
"That's how we'll ensure that American innovation and ingenuity are what drive the next century," said the president. "That's how we'll put our people back to work and lead the global economy. And that's what I'll be fighting for in the coming months."
As much as it pains me to say, I actually "do" agree that we need more incentives to keep American companies in AMERICA and employ AMERICANS.
http://www.voanews.com/english/news/Obama-Says-Tax-Code-Changes-Promote-Jobs-in-US--105096329.html
U.S. President Barack Obama is again calling on Congress to end tax breaks which he says encourage companies to create jobs in other countries. The president's weekly address Saturday focused on the economy, the top issue in the upcoming mid-term election.
With U.S. unemployment mired at 9.5 percent and Democrats expecting big losses in congressional elections, President Obama is campaigning for new tax laws that he says will keep jobs in the country.
"Now, one of the keys to job creation is to encourage companies to invest more in the United States," he said. "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."
Mr. Obama says tax breaks should benefit companies that create new jobs in the United States and keep existing ones in the country.
The president wants to give all businesses a tax break on the cost of new equipment they buy next year. He also wants to make permanent a tax credit for research and experimentation. Mr. Obama says those changes will spur more hiring and help the U.S. better compete in the global market, especially in growing industries such as clean energy.
"That's how we'll ensure that American innovation and ingenuity are what drive the next century," said the president. "That's how we'll put our people back to work and lead the global economy. And that's what I'll be fighting for in the coming months."