Noticia nº24.557

/noticias.info/ Democratic presidential nominee John Kerry Tuesday held a town hall meeting in Greensboro, North Carolina, where he pledged to move America in a new direction by putting an end to tax breaks that reward companies for shipping American jobs overseas.

While George Bush has chosen to support a tax code that rewards outsourcing and moved America in the wrong direction with record job loss and low-paying jobs, Kerry stressed today that his plan will make America stronger at home by creating and keeping good-paying jobs in America.

“Because of George Bush’s wrong choices, this country is continuing to ship good jobs overseas -- jobs with good wages and good benefits,” Kerry said. “All across America, companies have shut their doors, putting hardworking people out of a job, leaving entire communities without help or hope. And you know what George W. Bush’s choice is? You know it’s the wrong one. He’s actually encouraging the export of American jobs.”

When it comes to keeping jobs in America, George W. Bush has made the wrong choice for America. Under his watch, our nation is moving in the wrong direction and shipping jobs overseas in record numbers. Over the last three years, America has lost 2.7 million manufacturing jobs.

In the face of this failure, Bush administration officials have consistently defended outsourcing. Bush's Chairman of the Council of Economic Advisors N. Gregory Mankiw called outsourcing “a good thing,” and just last week, Labor Secretary Elaine Chao said that it creates jobs. Treasury Secretary John Snow once ran a company that sent jobs abroad, and the president himself was caught trying to name a CEO who outsourced jobs to be the nation’s manufacturing czar.

As Kerry noted today, the Bush Treasury Department has even wrongly proposed more tax breaks for companies that move jobs overseas, saying we should we should consider paying for these new tax breaks by raising taxes on companies that export U.S. products.

“Today, the tax code actually does something that’s right,” Kerry said. “It actually gives tax breaks to companies that export American products. If they sell more products overseas and create jobs here at home, they pay lower taxes so they can grow and expand and hire more people. Sounds like a pretty good idea, right? But George W. Bush doesn’t think so. He’s wrong again. He wants to end the good tax incentives that help US companies sell more and hire more.”

John Kerry and John Edwards know America needs to move in a new direction, and they have a plan that ends tax breaks for companies that ship jobs overseas.

While Bush chooses tax breaks for outsourcing, the Kerry-Edwards plan will end the tax breaks that encourage companies to ship jobs overseas and use the savings to reward companies that create jobs in America. Under their plan, 99 percent of companies will pay lower taxes – but no company will pay lower taxes just because it creates jobs overseas.

“Let me say it plainly: it is wrong to give tax breaks to companies that ship our jobs overseas,” Kerry said. “So we’re going to set a new direction for America. We’re going to close the tax loopholes that reward companies for shipping jobs overseas, and we’re going to reward companies that believe that American workers do the best job in the world.”

The Kerry-Edwards plan to create and keep jobs in America is a key part of their broader economic plan which includes enforcing our trade agreements, cutting the budget deficit, reining in the spiraling costs of health care, moving America towards energy independence and investing in education and technology.


07/09/2004