Obamas lies that never die.Overseas jobs

Obamas lies that never die.Overseas jobs

Posted in the Denver Forum

“Im Right here”

Since: Jun 12

Cause You need the education.

#1 Nov 5, 2012
Obama’s Election-Year Lie That Never Dies
Posted October 5, 2012
Obama’s Assertion That Companies Get Tax Breaks To Ship Jobs Overseas Is A Political Ploy He Never Does Anything About
THE CLAIM: Today, Obama Presented As Fact The Notion That There Are “Tax Breaks To Corporations That Move Jobs And Profits Overseas.” OBAMA:“He says there’s no way that he would close the loophole to give — that gives oil companies billions each year in corporate welfare. Any tax breaks to corporations that move jobs and profits overseas, he had never heard of such a thing. Who knew? Who knew?”(President Barack Obama, Presidential Debate, Denver, CO, 10/5/12)
THE FACTS:“ Under Present Law, There Are No Tax Credits Or Disallowance Of Deductions Specific To Locating Jobs In The United States Or Transferring Jobs Overseas.”“Under present law, there are no tax credits or disallowance of deductions specific to locating jobs in the United States or transferring jobs overseas. However, Congress has provided various credits to encourage certain activities or behavior and has disallowed deductions to curtail behavior deemed inappropriate or to discourage certain economic choices.”(“Descriptions Of Revenue Provisions Contained In The President’s Fiscal Year 2013 Budget Proposal,” Joint Committee On Taxation, p.73, 6/12)
* The Actual Tax Provision Obama References Would Raise Only $17 Million A Year, Or What You’d “Call A Rounding Error” With Obama’s $1 Trillion Annual Budget Deficits.“Moreover, it is pretty small potatoes given the attention Democrats pay to it. The JCT estimated that ending the deduction for moving operations overseas would raise just $168 million over a decade. In the federal government with an annual budget deficit of more than $1 trillion, that’s what you call a rounding error.”(Glenn Kessler,“Factchecking The First Presidential Debate Of 2012,” The Washington Post ‘s The Fact Checker , 10/4/12)
OBAMA HAS RECYCLED THIS PROMISE FOR YEARS
2004: Obama Said He Wanted To Ensure That “We Close Tax Loopholes To Companies Moving Jobs Overseas, And Making Them Invest Right Here In The United States.” OBAMA:“The fact of the matter is, it’s more fun being in the majority. You can get more stuff done. And to the extent that I can lend my assistance to these other candidates so that we can promote some of the policies that we’ve talked about: making sure that we close tax loopholes to companies moving jobs overseas, and making them invest right here in the United States. Then, I’m going to do everything I can to make that happen.”(State Sen. Barack Obama, Remarks In Illinois Senate Debate, Chicago, IL, 10/21/04)

“Im Right here”

Since: Jun 12

Cause You need the education.

#2 Nov 5, 2012

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