PRES. OBAMA CRACKS DOWN ON TAX REFORM
“I want to see our companies remain the most competitive in the world. But the way to make sure that happens is not to reward our companies for moving jobs off our shores or transferring profits to overseas tax havens,” President Obama said in his White House Tax Reform address.
Pres. Obama and his administration have announced a tax reform plan that would raise $210 billion in tax revenue over the next 10 years. The plan would include giving a tax cut for companies that do their research and development in the United States, thereby, creating more jobs and helping the U.S. economy grow.
While tax policy experts and corporate lobbyists don’t believe this is the best solution to the growing problem of companies off-shoring jobs, the rest of Americans are pleased by this news. If it means that small towns with ex-factory workers will soon return to work—then it’s a move we need to make as soon as possible.
What do you think? Should American based companies get greater rewards? Tell us here.
Image courtesy of zimbio.com
(*The views contained herein are solely the views of their respective authors, and do not express the views of TV One. TV One does not take responsibility for their content.)
They should only be rewarded if they bring the jobs back to the USA. This has gone on long enough.
I was handed a 14% pay cut just before Christmas and have had my incentive bonuses slowly and methodically pared down to “zilch” so that my employer, a medical transcription service, can remain “competitive”. So I was wondering why in my job editing medical reports, I am seeing a resurgence of “cabbage” in place of CABG, a common medical procedure. Our voice recognition software has been programmed to recognize this and other common abbreviations/acronyms physicans use. But for some reason, these and other silly errors have become more and more common. Why the regression? Why am I being paid less money to do more work? Answer: The company contracts with “International Labor Partners”. Translation: Third-world transcriptionists working at a fraction of my price. But because ILP’s have only a basic command of the English language and limited medical terminology expertise, I am now being required to correct the reports they mutilate. As an experienced MT I know a potassium level of 402 (instead of 4.2) would leave a person as lifeless as my paychecks. And nitroglycerin paste is measured in inches, not units. There are also potentially life-threatening errors like a diabetic being prescribed Zebeta (a beta blocker) instead of DiaBeta. Time is money for me, so having to correct these mistakes claws away at my pay. And of course my morale.
Contrary to what the President said in answer to a question about offshoring in his on-line town hall, I want my job. Even though it has been persistently devalued by avaricious CEO’s willing to whore out medical safety and national security for profit. Along with our jobs, our sensitive medical and personal data (including birth dates, addresses, and Social Security numbers) are being sent to places like India, the Phillipines, Barbados, and even the tumultuous Pakistan, where HIPAA cannot not be enforced to protect this information, to investigate its theft, or to prosecute thieves. So I applaud President Obama’s efforts to rebuild the American workforce. I just hope the people with the real power to do this cooperate.
Peace!
I THINK JOBS THAT ARE GIVEN TO WORKERS OUT SIDE OF THE UNITED STATES NEED TO TURN BACK TO THE U S BECAUSE THERE ARE MANY PEOPLE OUT OF JOBS THAT CAN DO THE SAME JOBS HERE.I KNOW SOMEONE THAT IS A AUTO WORKER AND AFTER35 YRS HE MIGHT LOSE HIS JOB.IF WE BRING JOBS BACK TO THE U S HE MIGHT KEEP HIS JOB.COMPANIES THAT HAS CLOSE DOWN BECAUSE JOBS WERE SEND OVERSEE MIGHT BE ABLE TO REOPEN AGAIN.
Absolutely it is an incentive to bring jobs back to the United States our president is in touch with reality and he is pursuing all avenues to bring the U.S. back to the status that it should be.