Clinton to call for 'clawback' of tax benefits for outsourcing companies

[saturnsring]

Under the proposal, the benefits that would be rescinded for companies that outsource would include the research and development tax credit and the domestic production deduction. The claw-back would apply for several previous years and in cases where companies received relief for facilities and jobs that they subsequently moved abroad, the aide said.

While the claw-back is a new approach at the federal level, several states now have or have considered proposals that would rescind incentives for companies that move production out of their jurisdictions, according to the aide.

http://thehill.com/business-a-lobbying/271809-clinton-to-call-for-clawback-of-tax-benefits-for-outsourcing-companies

[pangaia]

1. DUH ! What about we just STOP outsourcing?

OR...at least.. not say what a wonderful thing it is... when she's out of the country...



claaawwwback... claaww back.. WTF is that??? Who invented that?

She's the one who is clawing........

[JaneyVee]

4. How exactly do you stop outsourcing?

You can certainly discourage it, but how can you tell a private business what to do with their money?

[ibegurpard]

12. huge punitive measures on imports

That's one way.

[Hoyt]

13. Like the other countries wouldn't do the same, badly damaging our economy.

[coyote]

17. For starters

You can eliminate call centers quite easily for example. You make it illegal for information about Americans to go outside the United States..you make privacy laws. They do it in the EU, and I have never had to talk to a call rep from India but always someone from inside the EU.

[pugetres]

2. Clawbacks vs The Clinton Foundation

https://www.washingtonpost.com/blogs/govbeat/wp/2014/10/08/after-huge-tax-incentive-package-boeing-still-ships-jobs-out-of-washington/

vs

https://www.washingtonpost.com/politics/for-hillary-clinton-and-boeing-a-beneficial-relationship/2014/04/13/21fe84ec-bc09-11e3-96ae-f2c36d2b1245_story.html

In 2010, two months after Boeing won its $3.7 billion Russia deal, the company announced a $900,000 contribution to the William J. Clinton Foundation

Forgive me if I believe that she serves two masters.

[AzDar]

10. Damn.

[JaneyVee]

3. She was a Senator who introduced the legislation to...

Cut tax breaks for outsourcers.

[JaneyVee]

8. No, Im saying she was senator who tried getting rid of tax breaks for outsourcers.

[saturnsring]

9. oh my apologies

[Mnpaul]

15. She was also the Senator who voted to give them a tax cut

Grover Norquist approved

The $104 Billion Refund

The most absurd corporate tax giveaway of 2005.

http://primary.slate.com/articles/business/moneybox/2006/04/the_104_billion_refund.html

[moondust]

5. "You guys cut it out."

[saturnsring]

6. figures you post some good news and here come the berniebros to crap all over it

cant let any good news about clinton go without bs from the bsers

[ibegurpard]

11. here's the problem

I just flat-out don't believe her. And I'm not alone. That's what she's up against.

[saturnsring]

14. so many bernie supporters sound so much like the t-party

[ibegurpard]

16. if that's what makes you feel better to believe

Then go for it.
The absolute truth (and you know it as well as I do) is many, many Democrats are NOT ready for Hillary and are simply resigned to her. You better hope for a Republican implosion.