Outsourcing watchers certainly wont be amused with this development. The presumptive Democratic nominee Senator Barack Obama has been pretty clear on his stand on outsourcing. Lets see in the coming months setting corporate America’s accumulated pressure aside how does he implement the promises he has been giving to America’s people. Taking a tough stand against on outsourcing made it clear that the choice is between giving tax breaks to companies that ship jobs overseas or give benefit to those corporations that keep jobs domestically.
According to a PTI report Obama said, "We can keep giving tax breaks to companies that ship jobs overseas, or we can give tax benefits to companies that invest right here in New Hampshire," Senator Obama said at a joint appearance with Senator Hillary Clinton in Unity, New Hampshire.
"We can have a tax code that rewards wealth and hands out billions of dollars more to big corporations and multimillionaires. Or we can provide a USD 1,000 tax cut to 95 per cent of families in America, start rewarding work and not just wealth, and eliminate income taxes for seniors making USD 50,000 a year or less," Obama said, adding that's an agenda for change that we can believe in. That's the choice that we can make in this election.
"We can allow millions of Americans to work full-time but still not make enough to support their families, or we can raise the minimum wage, index it to inflation, and ensure that hard work pays off in America," the Illinois Senator said.
Read: Barack Obama on economic competitiveness
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