Besides taxes, over the top regulations are another reason corporations send jobs overseas. Why isn't Obama looking at these as well? This will do nothing
Exactly.
I find it funny that some people who will harp on Bush for dropping taxes but not doing the other portions of it to make it work are the same type that will champion Obama doing this.
Yes, I think redoing our tax code in regards to sending jobs overseas is a useful thing...essentially perhaps removing some loopholes to get tax breaks for sending stuff overseas but giving LOWER taxes as incentives for keeping a certain % of a large businesses operations IN the United states.
HOWEVER
Much like Bush's tax cuts were not as useful and perhaps harmful without paired with lowered spending, "fixing" the tax code while keeping in place the governmental regulations that caused the issue in the first place is also going to not be useful and potentially harmful.
Companies didn't just wake up and say "Send them all overseas, that'll cost those evil Americans".
Additionally, even with "tax loopholes" the notion of trying to create an overseas outpost of your operation when you previously didn't have it isn't likely cost effective in and of itself, nor the customer service hit you get for oding so.
HOWEVER
When you couple the potential money saved simply from taxes with the potential money saved due to the vast amount of regulations you have on business, things change. Suddenly there are more reasons to do the move than not to do it.
Most likely, conservatives won't be fooled by this. The left creates government regulation. The government regulations forces a the private sector to shift because suddenly the free market is forcibly changed by government. The government then dislikes the changes the free market has done and rather than point to the thing THEY DID that caused the change they claim that the free market failed.
Its like a sick person having a doctor give him some kind of anti-biotic that directly is the cause for him getting even more sick and the doctor going "See, the human immune system has failed this man, give him MORE anti-biotics!" instead of going "Hmm, I gave him a drug and it caused him to get worse, its the drugs fault".
All this is a ploy to make the American public THINK that Obama's goal is to bring jobs back to America when in reality its an end around attempt to go "You all didn't do business like we, the big mommy government said, so we're going to punish you for finding a legal way around that to either take more of your money or force you to do it how we want you to do it."
God forbid they actually loosen regulations along with this. That'd be admitting government was wrong...and that can't be because Democrats are infallable! No no no, as Obama says, people must sacrifice during important times....expect for himself, or democrats, or governments, they get to sacrifice nothing. But business, oh boy oh boy, come on over here because we need a pound of flesh and frankly we'd rather take it from you.
But no one should be surprised by this; Obama was your typical leftist from the start and pretty much told us so. The only thing is people either were to mesmorized by his pretty words to really realize, fully realized and reveled in it, or fully realized and reveled in it secretly while trying to paint themselves and him as "moderate" or "centrist" because they know they can't bitch about "extremes" on the right when they themselves are extreme on the left.
