Sunday, October 17, 2010

The President's Weekly Address: GOP Rewarding Corporations that Create Jobs Overseas

From the White House blog:

The President lays out his agenda to foster investment here at home. He vows to close the tax loopholes for sending jobs and profits overseas that Congressional Republicans have tried to protect.

If you wish to read the remarks the transcript is HERE.

I want to highlight something that is in the talk, plus on the transcript page... This is what we are voting to stop on Nov. 2.

In this week’s address, President Obama laid out a policy agenda that would strengthen our economy and create jobs right here in America by offering tax incentives to businesses that hire new employees, making the research and experimentation tax credit permanent and providing a tax cut for clean energy manufacturing. The President also wants to close tax loopholes worth billions of dollars that encourage companies to invest in overseas, while Republicans in the House have voted 11 times in just the last four years to keep those loopholes open.

We have to defeat the GOPers or we will never move forward with jobs, clean energy or anything else in the next 2 or 6 years.

Sorry this is late, I have been out of town and was very tired last night.. Hope you can forgive me.


Sue said...

better late then never!

There's alot being said about this subject. I sure hope the president can use his muscle and make this happen, but the DINOS are gonna be a problem. Some seem to think this will hurt not help. Unbelievable!

Annette said...

I think if the companies have to bring the jobs back here, it is only a good thing. The reason they went in the first place was cheap labor... Just means more profits for them.

Mauigirl said...

Agree completely. A GOP victory would be a disaster on so many fronts.

Annette said...

Thanks Mimi, it is going to be a train wreck of major proportions for sure.