A perfectly legitimate question...but it requires no explanation....
I'm not asking for an explanation per se, I'm asking for compelling facts and/or reasons as to why I should be motivated to vote for a political group that is protecting corporations acting against the employment interest of the American public.
If you're not inclined to vote for Democrats, don't...its understandable that you'd not want to vote for those that send jobs overseas,... and in many cases, force businesses to manufacture out of the country....
You're ignoring the FACT that it was the GOP that filibustered and then voted down in lock step(with the help of 4 Dems) a motion that would have provided an incentive for corporations NOT to outsource jobs during times of economic turmoil. Couple that with the White House proposal to put out a tax incentive to companies that generate jobs at home, and it would be a relief to a LOT of people out there.
The U.S. already has one of the most punitive corporate tax regimes in the world and a Dem. advocated tax increase would make that competitive disadvantage much worse, accelerating the outsourcing of jobs.
Sorry, but, "The Dems made me do it" isn't going to cut it. Citi and AT&T both outsourced their 24/7 customer services a couple of years ago....and they have been making serious profit DESPITE our economic downturn. If you can provide documented, fact based proof that both entities ENTIRE economic life hinged on that change, then you might have a case. And then you would STILL have to explain to me why the American public via federal taxes should cover their expenses for outsourcing by giving them tax breaks.
American companies pay the corporate tax rate in the host country where the subsidiary is located and then pay the difference between the U.S. rate (35%) and the foreign rate when they bring profits back to the U.S.
The effective combined U.S. federal and state tax rate on new capital investment, taking into account all credits and deductions, is 35%. The OECD average is 19.5% and the world average is 18%.
As long as the U.S. corporate tax is 50% higher than it is elsewhere, companies will invest in other countries all other things being equal.
http://www.ohio.com/editorial/commentary/103810999.html