Baloney from Obama about Outsourcing
October 28, 2008
Senator Obama has accused Senator McCain of wanting to reward corporations for outsourcing American jobs. Senator McCain replies that his plan to cut the corporate tax rate for American companies will make the U.S. a more profitable place to locate facilities, deterring outsourcing. Which is right?
CNN’s Truth Squad concluded, “McCain is not proposing anything that would qualify as more tax cuts for outsourcing.” Here’s the video:
India is a place that’s often mentioned as a destination for high-tech jobs that used to performed in the U.S. A movement is afoot there to solve the United States’s outsourcing problem by gouging the newly arrived firms with higher taxes. Here’s the report from the American Institute of Certified Public Accountants.
Was this page helpful to you?
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?Contribute to the Tax Foundation
Let us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?Give Us Feedback