You have to hand it to this guy, he is real slick.
All this talk about how President Bush is paying to send jobs overseas. It happens to be a tax cut to offset the taxes already being paid to the host country where the production takes place. The company is still paying the taxes, just not all of it comes to the US account. And you can't stop the host country from collecting. It is like you having to pay income taxes to two states on the same income.
Now Senator Kerry bashes the President, and says he will cancel that tax break and keep those jobs at home. Then the same Senator Kerry goes to BIG Business (wink, wink) and promises a 5% tax cut on ALL their profits at home and overseas. For that overseas production it means a net gain of 1.5% for BIG Business over what they are saving now.
Senator Kerry is REALLY slick. He will raise the taxes on individuals and small business and lower the taxes on BIG Business and all the while say BIG Business has President Bush in their pocket.
All you need to do is read his own message on his own sites.
All this talk about how President Bush is paying to send jobs overseas. It happens to be a tax cut to offset the taxes already being paid to the host country where the production takes place. The company is still paying the taxes, just not all of it comes to the US account. And you can't stop the host country from collecting. It is like you having to pay income taxes to two states on the same income.
Now Senator Kerry bashes the President, and says he will cancel that tax break and keep those jobs at home. Then the same Senator Kerry goes to BIG Business (wink, wink) and promises a 5% tax cut on ALL their profits at home and overseas. For that overseas production it means a net gain of 1.5% for BIG Business over what they are saving now.
Senator Kerry is REALLY slick. He will raise the taxes on individuals and small business and lower the taxes on BIG Business and all the while say BIG Business has President Bush in their pocket.
All you need to do is read his own message on his own sites.