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MasterSlaveLA -> RE: As if we needed another reason to vote against Obama. (6/23/2011 3:55:37 PM)
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quote:
ORIGINAL: defiantbadgirl
...OUTSOURCING is a good reason not to vote for Republicans. Did you know that Republicans voted against jobs bills to discourage outsourcing and encourage bringing jobs back to the US?
Did you know this is FALSE?!!
1) What you're referring to is the "Creating American Jobs and Ending Offshoring Act (S. 3816)"
2) At the time of the vote (Sep 2010), the Dems held majorities in BOTH the House and the Senate -- with the Democrats holding 58 seats to the Republicans 42 seats, thus the Dems only needed TWO Republican votes to pass the Bill with 60 votes. Four Democrats voted AGAINST the Bill, and one didn't even vote!!!
Source: http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00242#state
4) The Bill was NOT supported by: The National Association of Manufacturers, The National Foreign Trade Council, the U.S Chamber of Commerce, or TechAmerica.
5) COMMENTARY AGAINST:
"The best thing Congress can do for Americans right now is lower - not raise - the cost of creating good jobs... This bill would raise taxes on the very job creators that we hope will hire out-of-work Americans, which makes no sense, especially in the middle of a recession."
Source: http://www.washingtonpost.com/wp-dyn/content/article/2010/09/28/AR2010092802768.html
"This is not the first time such an anti-outsourcing bill has been placed and it will definitely not be the last time. Such bills will be introduced by politically-motivated US politicians looking at the November election"
"Pradeep Udhas, executive director and head of IT advisory at KPMG, said that India has to prepare to deal with protectionism since factors like ageing population and a sagging economy in the US will put pressure on the job markets. This will force US companies to lay off and reduce workforce, leading to discontent, and politicians will speak the language of the masses."
"The proposed bill was going to penalise companies that outsourced and incentivised those that don't go through tax breaks. But, the proposed tax breaks would not have matched the quantum of savings outsourcing provides. Hence, the companies won't see any sense at all"
"Replacing a job that is based in another country with a US-based job does not stimulate economic growth or enhance the competitiveness of American worldwide companies. The bill would also significantly curtail deferral, reversing long-standing tax policy and subjecting American worldwide companies to immediate double taxation on the earnings of their foreign subsidiaries"
Source: http://articles.economictimes.indiatimes.com/2010-09-30/news/27591495_1_anti-outsourcing-bill-anti-offshoring-end-offshoring-act/2
So please stop advancing the notion that the Republicans are in favor of "outsourcing jobs" when the facts do not support this FALSE premise/allegation.
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