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Old 09-08-2012, 08:03 AM  
BigRedChief BigRedChief is offline
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Why should we give tax breaks to companies that ship jobs overseas?

I know that we currently give tax breaks to companies that ship jobs overseas and that Obama tried to remove those tax breaks and the R's blocked it.

Can someone explain to me something that makes no sense whatsoever to me. The Republican candidate supports tax breaks for companies that ships jobs overseas, is that correct or just partisan BS?

Whatever the answer to Romney's position, Why would we do this? Almost every company in America makes decisions based on whats good for their company and not whats good for America. Nothing wrong with that, basic free enterprise at work. They are free to do what they think is best. If that means shipping 1,500 jobs overseas because of cheaper labor, fine and dandy. Yet, heres the rub.........

If we are do broke and cant afford anything, we are in this huge financial hole why would we give tax breaks to compaines that ship American jobs overseas? Why does taking jobs out of America warrant borrowing money from the Chinese to give them tax breaks?
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Old 09-08-2012, 08:11 AM   #2
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What tax break do they get that is tied to "shipping jobs overseas"?
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Old 09-08-2012, 08:14 AM   #3
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Old 09-08-2012, 08:22 AM   #4
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I have not heard of a tax break FOR shipping jobs overseas. Now, that being said, I do feel there should be penalties for that.
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Old 09-08-2012, 08:23 AM   #5
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Quote:
Originally Posted by BigRedChief View Post
I know that we currently give tax breaks to companies that ship jobs overseas and that Obama tried to remove those tax breaks and the R's blocked it.

Can someone explain to me something that makes no sense whatsoever to me. The Republican candidate supports tax breaks for companies that ships jobs overseas, is that correct or just partisan BS?

Whatever the answer to Romney's position, Why would we do this? Almost every company in America makes decisions based on whats good for their company and not whats good for America. Nothing wrong with that, basic free enterprise at work. They are free to do what they think is best. If that means shipping 1,500 jobs overseas because of cheaper labor, fine and dandy. Yet, heres the rub.........

If we are do broke and cant afford anything, we are in this huge financial hole why would we give tax breaks to compaines that ship American jobs overseas? Why does taking jobs out of America warrant borrowing money from the Chinese to give them tax breaks?
I don't understand why liberals are so stuck on this. Clinton is the guy who globalizes markets and that's a good thing.

If we produce more goods at home and shut off global production, prices go up. Look at sugar. Why do you think Americans use corn syrup in soda while Europeans use sugar? Secondly, we have to compete with china. Closing walls isn't going to do that. China has a massive economy and the more we tap into that, the better.

If you want to close the walls off, pay significantly higher prices for your products, get your ass kicked in exports, and develop products nobody outside the u.s. wants, then lets go that route. The reality is that the American economy is changing and to remain a superpower, we HAVE to compete in china.
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Old 09-08-2012, 08:24 AM   #6
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Quote:
Originally Posted by HonestChieffan View Post
What tax break do they get that is tied to "shipping jobs overseas"?
Are you saying that we dont provide tax breaks for companies shipping jobs overseas? They get to deduct all their expenses to move American jobs overseas. I cant believe that this tax break ever existed, little own someone supporting it continuing.

Google is your friend
Here's a link to an article about this summers vote to end tax breaks for shipping jobs overseas that the Republicans blocked
http://thehill.com/blogs/floor-actio...nsourcing-bill

From the article
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.
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I believe Hitler hated Jews and had a lot of them killed. I dont believe it was anywhere close to 6 million though. I'm not an anti-semite; I just think that number has been severely inflated and there is a lot of evidence that supports this belief.
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Old 09-08-2012, 08:27 AM   #7
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Quote:
Originally Posted by BigRedChief View Post
Are you saying that we dont provide tax breaks for companies shipping jobs overseas? They get to deduct all their expenses to move American jobs overseas. I cant believe that this tax break ever existed, little own someone supporting it continuing.

Google is your friend
Here's a link to an article about this summers vote to end tax breaks for shipping jobs overseas that the Republicans blocked
http://thehill.com/blogs/floor-actio...nsourcing-bill

From the article
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.
Wait now, that is different. I thought you meant just filling jobs with foreigners. That is what I don't like. If we are talking about moving Americans overseas to compete globally I don't see the real problem with that.

EDIT

I guess, in the long run, I still don't see the need for a tax break here either. Hmmmmmm
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Old 09-08-2012, 08:28 AM   #8
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Quote:
Originally Posted by Guru View Post
I have not heard of a tax break FOR shipping jobs overseas. Now, that being said, I do feel there should be penalties for that.
It really exists. It's unfamthable. When I heard it at the convention and did some research and found out it was true, I was like WTF, in what reality is this an acceptable practice?
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Originally Posted by MTG#10 View Post
I believe Hitler hated Jews and had a lot of them killed. I dont believe it was anywhere close to 6 million though. I'm not an anti-semite; I just think that number has been severely inflated and there is a lot of evidence that supports this belief.
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Old 09-08-2012, 08:30 AM   #9
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Originally Posted by Guru View Post
Wait now, that is different. I thought you meant just filling jobs with foreigners. That is what I don't like. If we are talking about moving Americans overseas to compete globally I don't see the real problem with that.
Neither do I. No problem whatsoever.

I just don't think we should borrow money from the chinese to help them move jobs overseas. They want to move jobs overseas, fine and dandy. Just dont ask the taxpayer to pay your costs to move jobs overseas.
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Quote:
Originally Posted by MTG#10 View Post
I believe Hitler hated Jews and had a lot of them killed. I dont believe it was anywhere close to 6 million though. I'm not an anti-semite; I just think that number has been severely inflated and there is a lot of evidence that supports this belief.
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Old 09-08-2012, 08:30 AM   #10
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Quote:
Originally Posted by BigRedChief View Post
Are you saying that we dont provide tax breaks for companies shipping jobs overseas? They get to deduct all their expenses to move American jobs overseas. I cant believe that this tax break ever existed, little own someone supporting it continuing.

Google is your friend
Here's a link to an article about this summers vote to end tax breaks for shipping jobs overseas that the Republicans blocked
http://thehill.com/blogs/floor-actio...nsourcing-bill

From the article
Under current law, companies can deduct the cost of moving people and equipment overseas from their taxes. S. 3364 would have eliminated that deduction, and created a new 20 percent tax credit for all costs associated with moving overseas jobs back to America.
I don't see a problem with that. There is a cost to invest overseas including, yes, cost of relocating employees and shipping equipment.

It's not like companies are shifting these resources because of tax breaks. They're shipping these jobs overseas because they either believe it will give them better ability to compete in a foreign market or give us greater ability to get cheaper materials so we can produce cheaper domestic products.

Here's the way to look at it. If we don't ship jobs to china... Then a Chinese company will produce those raw materials at a cheaper price. Or we lose ability to serve millions of new customers. Id rather an American company create those materials and sell those products than a Chinese company, even if that means we have to move some stuff like jobs overseas.
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Old 09-08-2012, 08:31 AM   #11
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Originally Posted by BigRedChief View Post
Neither do I. No problem whatsoever.

I just don't think we should borrow money from the chinese to help them move jobs overseas. They want to move jobs overseas, fine and dandy. Just dont ask the taxpayer to pay your costs to move jobs overseas.
Yeah, I do agree. See my edit.
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Old 09-08-2012, 08:32 AM   #12
HonestChieffan HonestChieffan is offline
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What constitutes shipping jobs overseas? If i have a good business that has markets outside the us and i decide to open a plant in Germany to move closer to my euro market is that "shipping jobs overseas?"

Business is taxed on profit not gross revenue so if they have expences related to business operation shold those be somehow disallowed?

The issue of tax breaks for shipping jobs overseas is pretty much a talking point. Governments cannot control where a company decides to set up business. They can influence it to leave if better opportunities exist elsewhere.
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Old 09-08-2012, 08:34 AM   #13
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Quote:
Originally Posted by chiefzilla1501 View Post
I don't see a problem with that. There is a cost to invest overseas including, yes, cost of relocating employees and shipping equipment.

It's not like companies are shifting these resources because of tax breaks. They're shipping these jobs overseas because they either believe it will give them better ability to compete in a foreign market or give us greater ability to get cheaper materials so we can produce cheaper domestic products.

Here's the way to look at it. If we don't ship jobs to china... Then a Chinese company will produce those raw materials at a cheaper price. Or we lose ability to serve millions of new customers. Id rather an American company create those materials and sell those products than a Chinese company, even if that means we have to move some stuff like jobs overseas.
again, thats all fine and dandy. No disagreement from me on your points in the post.

My problem with this is that we should'nt borrow money from the chinese to help them move jobs overseas.
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Originally Posted by MTG#10 View Post
I believe Hitler hated Jews and had a lot of them killed. I dont believe it was anywhere close to 6 million though. I'm not an anti-semite; I just think that number has been severely inflated and there is a lot of evidence that supports this belief.
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Old 09-08-2012, 08:36 AM   #14
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Originally Posted by HonestChieffan View Post
The issue of tax breaks for shipping jobs overseas is pretty much a talking point. .
I totally disagree. We are broke. We have to decide how to spend out limited taxpayer money. This is very low hanging fruit. First tax break that should end.
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Originally Posted by MTG#10 View Post
I believe Hitler hated Jews and had a lot of them killed. I dont believe it was anywhere close to 6 million though. I'm not an anti-semite; I just think that number has been severely inflated and there is a lot of evidence that supports this belief.
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Old 09-08-2012, 08:44 AM   #15
HonestChieffan HonestChieffan is offline
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Deduct expences for moving people and equipment overseas.....

Do away with that and business will hire a local overseas and the us guy will lose an opportunity to advance his or her career and the company will buy equipment in the new location thus cutting a sale for a US supplier and the associated prodution of that equipment from the company that builds it

Good move.
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