Kerry to Propose Eliminating a Tax Break on U.S. Companies' Overseas Profits

NY Times ^ | 3/26/04 | Edmund L. Andrews and Jodi Wilgoren

[#3Fan]

Isolationism gave us the Great Depression and we insource more than we outsource. Kerry doesn't know what he's doing.

[kcvl]

Then Mr. Ketschup's wife's company would have to pay UNION wages. They would also have to obey the ENVIROMENTAL LAWS, Labor laws, etc. Since it doesn't seem to matter that the CLINTON LIEbrary isn't using UNION LABOR, why should she? It only matters if you are a "RICH Republican", who wants "tax cuts for the rich". (the people who actually hire people and pay their wages)


BTW, try to get some steel. What was on hand is now going to Iraq. Jobs are coming back. It takes time for them to catch up.


John Kerry said tonight that he isn't going to "sacrifice the enviroment" for oil. He is going to create 500,000 jobs by "putting technology" to work to make fuel. Did he recently invent something? Is the government going to pay for this with our tax money? Is he going to fuel his limos, wife's plane and five homes with it? He can go first.

[Howlin]

He is going to create 500,000 jobs by "putting technology" to work to make fuel.

What the hell does that mean? Make fuel?

[Fledermaus]

Typical Kerry, not once did he mention what this "tax incentive" was. NOT ONCE!

All rhetoric.

[Nick Danger]

No kiddin'.

[Fledermaus]

So? They are American companies and they get to "write-off" their expenses.

The solution would be to eliminate corporate taxes on income all together.

If you stop them from being allowed to deduct foreign investment, they won't grow and they won't hire and they won't increase market share which makes them hire more people in the US to operate the company.

Kerry, like every single Democrat, wouldn't know simple economics if it came to them wrapped in a campaign contribution.

[kcvl]

The same as Hillary "building energy plants". lol! She doesn't have a clue. We have HUGE NEW energy plants (Panda) that can't find a buyer for the "energy". DUH!

[BJungNan]

On Thursday, Mr. Bush continued insisting that the economy was improving

If this does not show bias in the media nothing does. A proper rewrite would read: On Thursday, Mr. Bush continued to point out that the economy is improving.

It is not just Bush's opinion that the economy is improving, as the reporter has presented it. It is as if the reporter could not bring themself to write into their story a fact that is a point in favor of Bush.

[jwalsh07]

Click Here

[GeronL]

Oh yea... I forgot.

"Down with Outsourcing!" *slobbers*

[BJungNan]

a smart move by Kerry, this offshoring issue is huge.

It might be a smart move politically but it is bad policy for the country.

Company USA, (a U.S. Company) manufacturers in China and sells to another country, let's use Japan as an example. A competing company, Company EU (from Europe) also manufacturing in China sells a similar item to Japan. Both companies are cost competitive and take a aggressive sales approaches that keep margins tight.

Along comes Kerry's tax those dirty overseas U.S. companies that have sent U.S. jobs overseas.

Faced with higher costs in the form of higher taxes and low margins due to a competitive sales environment, Company USA must raise prices. Company EU gains a competitive advantage and market share.

[yoe]

Sen. John Kerry keeps talking about U.S. corporations leaving this country and setting up shop in foreign countries, taking thousands of jobs with them. He is right, because that has happened. However, he is trying to blame it on George W. Bush.

As far as I know, Bush has not moved one factory out of this country because he is not the owner of a single factory.

That cannot be said about Kerry and his wife, Teresa Heinz-Kerry. According to the Wall Street Journal, the Kerry’s own 32 factories in Europe and 18 in Asia and the Pacific.

In addition, their company, the Heinz Company, leases four factories in Europe and four in Asia. Also, they own 27 factories in North America, some of which are in Mexico and the Caribbean.

Kerry demands that other companies that relocate should pay the same benefits they did in the U.S. Why does he not demand this of the Heinz Company, since he is married to the owner?

If Kerry is elected, will he and his wife close all those foreign factories and bring all those jobs back to America? Of course they won't. They're making millions off that cheap labor.

When John Kerry raises taxes on the "rich"- i.e. $200,000+ per year; which is 3/4 of the small business owners in the U.S., it is going to cause business closures, job loss, and price hikes. $200,000, plus the death tax, plus this tax or that tax; it is going to hurt you. It's not going to help you. He is not going to give the money to you, but you will surely bear the cost. That's before we talk about the stock market reactions to these tax hikes, or any other effects. What will 100 days of Kerry really look like?

[Lael]

a smart move by Kerry, this offshoring issue is huge.

And, in case you haven't noticed, is just about the ONLY issue that has RIVEN the Conservative Base.

"When they came for the Unionized Factory Worker, I did not complain because I was not a Unionized Factory worker, and when they came for..."