Ronald Reagan’s budget director: Romney Is NO Job Creator-He Is A GAMBLER In A Rigged Market

[mojowork_n]

28. Here's another one, even though it's 3 weeks old. I did a search...

...but didn't find it already posted, although I may have used the wrong terms.

http://www.progressive.org/romney-would-ship-jobs-overseas

There has been precious little discussion in the media on one of the most dangerous and devastating features of the Romney-Ryan tax plan: the complete elimination of taxes on the overseas operations of U.S. corporations.

The Romney home page calls for the nation to “switch to a territorial tax system,” which translates into an end to taxation of the profits piled up offshore by American-based corporations. This radical step would create huge incentives to ship U.S. jobs overseas, where they would never face U.S. taxes, and to manipulate corporate earnings reports to claim that profits generated in the U.S. were actually produced offshore.

How much worse can things get? The U.S. recently finished a decade (2000-10) where it witnessed major U.S. corporations vaporizing 2.9 million jobs in America while displaying their prowess as conservative-deified “job creators” outside the U.S., where they chose to set up 2.4 million new jobs, according to the Wall St. Journal (4/19/11)....

...Tax expert David Cay Johnston, Reuters correspondent and author of the just-published Fine Print: How Big Companies Use ‘Plain English’ to Rob Us Blind, warns, “The Romney-Ryan plan would insure that any profits created offshore by U.S. corporations would never be taxed by the U.S. government. This would create a tremendous incentive to move more and more U.S. jobs overseas to escape taxes on the profits that foreign workers produce for them.”

Too many low information voters still think R's are in some magical way, more deft, shrewd or practical, when it comes to the economy.

But it's a Big Lie.

Edit Afterthought:

The math is there, the job numbers don't lie and the concept is easy to follow.

This one doesn't even depend on 'easy to follow' language and that's probably
a good thing. Some "low information voters" don't follow politics and don't always
vote because they're turned off by all the back-and-forth snark and contempt.

This part of the R-R tax/budget plan deserves way more attention than it's getting.