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General discussion

Democrats Can't Get Firm Grip on Jobs Issue

by Edward ODaniel Feb 18, 2004 11:40PM PST

By Jonathan Weisman
Washington Post Staff Writer
Thursday, February 19, 2004; Page A01

Democratic presidential candidates have made the loss of U.S. jobs to international competition the centerpiece of their campaigns, but even some of the candidates' economic advisers acknowledge that remedies offered -- such as closing tax loopholes on overseas income and offering tax breaks for domestic hiring -- would probably do little to stop the bleeding.
...

Sen. John F. Kerry (Mass.) and his closest challenger, Sen. John Edwards (N.C.), both have said that tax law rewards corporate expansion overseas. And both would cut taxes for domestic manufacturing and offer temporary tax credits for hiring manufacturing workers in the United States.
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But virtually no one would say that taxes are a primary -- or even a significant -- factor in the movement of as many as 300,000 white-collar jobs and many more manufacturing jobs abroad in the past several years. No matter how sweet the tax incentive is to expand in India, for instance, it could not be more enticing than lowering a software developer's pay from $60 to $6 an hour, a figure cited recently by the consulting firm McKinsey & Co.

Just something else they "can't get a grip on". Reality continues to elude...

neocon == a liberal actually in touch with reality.

Discussion is locked

1 Posts

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...quotes and quips...

by Dick White Feb 19, 2004 1:29AM PST

>>neocon == a liberal actually in touch with reality.<<

and my favorite...

a cynic: 'The power of accurate observation is commonly called cynicism by those who have not got it.' George Bernard Shaw.

dw

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