What is so wrong with removing 'tax-breaks' for 'big-business' if those particular corporations......

Question

..... are out-sourcing their jobs? Why reward someone for sending money elsewhere, just so they can make a 'boat-load' more?

Answer 1

The tax cuts have resulted in higher taxes being paid in, as the profit went up. Personally, I agree there should be a tax penalty for outsourcing. An International Payroll Tax for example. However, relieving the tax burden on smaller companies that would have had to have lay offs (especially now due to gas prices) is economically smart.

Answer 2

I don't see that there is any reason to offer tax-breaks. I've seen a lot of companies come and go in this state because of outsourcing. Once the jobs go to another country, the big corporation can then downscale to a small office building. It's getting costly for those trying to live in the U.S.

Answer 3

In a word: corruption, and the current system for financing political campaigns.

"Tax breaks" encompasses a lot of things: investment tax credit (not given for outsourcing, at least not for factory construction in China, except by the Chinese authorities); state and county tax forgiveness for bringing jobs to a community, even if those jobs involve distributing foreign-made goods; and -- most importantly -- agricultural and tax subsidies for crops that could not otherwise be profitably grown in the USA and which, like cotton, sugar and corn put farmers out of work in Africa and Mexico.

It's all part of Globalization.

Answer 4

yeah.,.. I'm not much for corporate welfare of any kind...

perhaps some to struggling start ups, but why give oil companies making more profit than anyone ever a tax break and gov. grants on top of that? I think they have more than enough money... we have other places that would be better served for those funds...

Answer 5

The GOP lies about the Democrats by blaming them for their own malfeasance. They claim that the Democrats are for big government, big spending, and big new taxes. However, when the Republicans are in control, like they are now, we see a much bigger government, more wasteful spending, unaffordable tax cuts for the rich, higher unemployment, a lower standard of living, poor economic performance, corrupt deregulation bills, bigger trade deficits, and huge budget deficits.President Bush has taken this country in the wrong direction with weak campaign finance reforms, regressive tax cuts, and other legislation designed to benefit corporate America at the expense of the middle class.Bush supply-side pseudo-economic policies are destroying our economy. His policies are actively worsening life for the lower 98% at present. And they will make 100% of us poorer in the future.Bush Administration Holds Seminars on How to Outsource American Jobs. "Given the explosion of business in China, the interest in setting up shop there is not surprising. What was surprising was the presence of the U.S. Commerce Department at the ('Economic and Trade') conference. While the Bush administration complains about China unfairly tilting trade dealings to its advantage, the government agency most responsible for promoting American business is participating in conferences and workshops that encourage American companies to put operations and jobs in China.14 Million Jobs at Risk for Outsourcing. "...economists at the University of California, Berkeley...concluded that a staggering 14 million positions! Provisions of the energy bill approved, Provide $8.1 billion in tax breaks, mostly for oil, gas, nuclear, coal and electric utilities over 10 years.The Bush administration's ties to oil and gas are as deep as an offshore well. President George W. Bush's family has been running oil companies since 1950. Vice President Dick Cheney spent the late '90s as CEO of Halliburton, the world's largest oil services company. National Security Advisor Condoleezza Rice sat on the board of Chevron, which graced a tanker with her name. Commerce Secretary Donald Evans was the CEO of Tom Brown Inc. -- a natural gas company with fields in Texas, Colorado and Wyoming -- for more than a decade! GOP Blocks Oil Company Tax
Meanwhile on Capitol Hill, Republican leaders have conceded they’ve agreed to undo Senate-approved measures that would have taxed oil companies an additional $5 billion dollars over the next five years.Meanwhile, the Iraqi government official overseeing the country’s oil ministry is warning corruption and smuggling have become the two biggest threats to Iraq’s economy. In an interview with the BBC, Oil Ministry Inspector General Ali al-Alaak said Iraq lost close to $4.2 billion worth of oil products last year. WAKE UP AMERICA BUSH IS IN BED WITH CORP AMERICA !!!!

Answer 6

Last year with the tax break for every $550,000 we gave them we got one job. Trickle down economics is not working for the people but is working with multinational corporations as we hear on the TV every week with their record profits.

Answer 7

Dump the tax code. Forget tax breaks, and income taxes, and payroll taxes, and earned income tax credit etc...

Down with the IRS! Support the Fair Tax!

http://www.fairtax.org/

Answer 8

Nothing, except that the companies that get these breaks are the ones that control the government.

Answer 9

It's not very clear what your question is. It is equally unclear what tax breaks you are referring to. Perhaps you could clarify with some details, and I will edit my answer accordingly.

Answer 10

i agree 100%

i am all for tax breaks for compaines that stay in the us, but if you outsource jobs, NO TAX BREAKS

i would even be for tax penalties for outsourcing companies who sell thier goods on our shores