A Quote by Barack Obama
Now you have a choice: we can give more tax breaks to corporations that ship jobs overseas, or we can start rewarding companies that open new plants and train new workers and create new jobs here, in the United States of America.
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At a time when the United States is handing out tax breaks to corporations that ship jobs overseas, corporate jet owners, and millionaires and billionaires, it is ludicrous that we would even be looking at Social Security and Medicare as a solution to our debt crisis.
We've got a tax code that is encouraging flight of jobs and outsourcing. And that's why we've specifically recommended in this campaign that Congress change our tax code so that we stop giving tax breaks to companies that are moving to Mexico and China and other places, and start putting those tax breaks into companies that are investing here in the United States.
Instead of creating new jobs, Republicans gave tax cuts to companies that send jobs overseas.
During the 2005 Bush tax holiday, corporations didn't bring back the billions they stashed overseas to build new factories, increase wages, or create more jobs. The lion's share of that windfall went to CEO raises and stock buybacks for investors on Wall Street.
Having a tax code that rewards companies that are shipping jobs overseas instead of companies that are investing here in the United States, that will not make us more competitive.
The change we need is fixing this broken economy from the bottom up.. not tax breaks for the wealthy and huge corporations that ship U.S. jobs overseas. We need to focus on defeating al Qaeda and the Taliban and restoring America's standing in the world.. not an unending commitment in Iraq.
We must reign in overspending by ridding government of outmoded programs, making Big Oil pay their fair share, repealing massive tax breaks for corporations that ship jobs overseas, and enacting a tax code that no longer favors millionaires and billionaires.
We need to work together, on a bipartisan basis, to create new jobs, increase job training, enact real and substantive middle class tax relief, and reward companies that create jobs at home.
The tax code rewards corporations for outsourcing jobs, and their profits overseas, instead of investing here in the United States.
American jobs are being lost to foreign countries, and U.S. companies are urged to move their manufacturing plants, new technologies and headquarters overseas.
We were told that all this new high technology, all these new high-tech jobs that we were going to be creating here in the United States of America would stay here, so our people would benefit with the jobs and health care and everything else.
Even when America's economy has been by all measures healthy and the unemployment rate low, some businesses suffer or fail and lay off workers. But nearly always, a simultaneous and even greater burst of new jobs has been created to offset the jobs lost - millions of new jobs every year.
We really believe that we can bring about changes in the tax code that will make America more attractive for investment and job creation and business. But the president has also made it very clear that he wants to put - he wants to put new elements in the tax code that are going to have companies pay a price if they decide to take jobs out of the country and then sell their goods back into the United States.
I cannot for the life of me understand why the American market keeps going up. Our economy has some real challenges. The infrastructure's falling apart. We're destroying jobs with technology. We are keeping the best and the brightest from around the world from coming to America to create new jobs and create new businesses. All of those things would give you pause to worry about the future.
The United States of American business pays the second-highest business taxes in the world, 35 percent. Ireland pays 11 percent. Now, if you're a business person, and you can locate any place in the world, then, obviously, if you go to the country where it's 11 percent tax versus 35 percent, you're going to be able to create jobs, increase your business, make more investment, et cetera. I want to cut that business tax. I want to cut it so that businesses will remain in the United States of America and create jobs.
America is one of the highest tax nations in the world. Reducing taxes will cause new companies and new jobs to come roaring back into our country. Believe me, it'll happen and it'll happen fast.
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