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Bill to tax companies exporting jobs fails WASHINGTON — The Senate on Tuesday blocked tax legislation that would have punished U.S. firms that export jobs. But the political symbolism of trying to save American jobs, not passing a bill, was the Democrats’ closing argument on the economy in the waning weeks of the congressional elections. Republicans complained that the vote used a serious subject — economic recovery — to score points with voters five weeks before the balloting in which all 435 House seats, 37 Senate seats and the Democratic majority are on the line. The bill in question, Republicans...

“My economic policy is not to export American jobs, but to reward companies for creating and keeping good jobs in America. Unlike the Bush Administration, I want to repeal every tax break and loophole that rewards any Benedict Arnold CEO or corporation for shipping American jobs overseas. “ - Senator John Forbes Kerry, February 10, 2004 The truth of the matter is that H.J. Heinz is an extremely diversified multinational corporation. It has 70 manufacturing facilities worldwide. Of these the company only has 10 plants within the United States. The remaining 60 are located outside the United States, many...

Bush plan deemed '1-way merger' with Mexico that hurts U.S. workers It is no secret that tens of thousands of jobs in the software sector are being shipped to India, nor are many unaware that millions of manufacturing jobs, once filled by America's blue-collar middle class, have been moved to Communist China where desperate people are willing to work for substandard wages. What may not be understood is that 2.5 million Americans have lost their jobs since 2001, and nearly 400,000 ran out of their federal unemployment benefits in January of this year alone. Indeed the U.S. Bureau of Labor...

NEW DELHI -(Dow Jones)- Defending a recent U.S. Senate bill to stem the outsourcing of jobs overseas, U.S. Trade Representative Robert Zoellick Monday said India must open its markets further if it wants Washington to do the same. "If India wants to have the ability to outsource and sell goods to the U.S., India will also have to open up," Zoellick said at a press briefing. Zoellick's visit to New Delhi is part of his global tour to get countries back on the World Trade Organization (news - web sites)'s negotiating table for freer trade. Indian industry and government officials...