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08-13-2010, 11:13 AM #1
from 2004 - McCain Adviser Carly Fiorina: ‘There Is No Jo
FLASHBACK: McCain Adviser Carly Fiorina: ‘There Is No Job That Is America’s God-Given Right Anymore’
Today, John McCain is in Ottawa, Canada, speaking to the Ottawa economic club to affirm his support for free trade and reassure them that his economic plan would be good for Canada.
But McCain neglected to mention that he opposes a key way to encourage investment (and, therefore, jobs) in the United States: eliminating the tax incentives for companies to keep profits overseas instead of reinvesting them in the United States.
By leaving profits overseas, U.S. companies can indefinitely postpone (i.e. totally avoid) paying U.S. corporate taxes.
As Martin Sullivan of Tax Notes writes, “The U.S. tax system does provide an incentive to locate production offshore.â€Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn
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