President Obama Puts His Foot Down … No More Sending U.S. Jobs Overseas

- By Bossip Staff Categories: Bolitics, News, Yeah We Said It

Does this mean the days of our customer service calls being transferred to India are over? It’s hard not to get frustrated with someone dealing with your money, credit card and cell phone accounts when there’s a gaping language barrier.

(AP) End tax breaks that reward some U.S. companies with overseas subsidiaries and encourage those businesses to create jobs in other countries, President Barack Obama is telling Congress.

Yet it’s an idea that has raised concerns even among some lawmakers in the president’s own party.

At issue is a bill, now stalled in the Senate, that would do away with some tax credits and deferrals for U.S. companies for operations abroad.

“There is no reason why our tax code should actively reward them for creating jobs overseas,” Mr. Obama said in his weekly radio and Internet address Saturday. “Instead, we should be using our tax dollars to reward companies that create jobs and businesses within our borders.”

Though President Obama singled out Republican opposition, the bill also failed to get support from some Democrats, including the chairman of the Senate Finance Committee, Sen. Max Baucus, D-Mont. He has expressed concern that the change would put the U.S. at a competitive disadvantage.

The ending of the tax provisions has run into opposition from business groups, including the National Association of Manufacturers.

Mr. Obama said that while companies that conduct business internationally do make an important contribution to the U.S. economy, it doesn’t make sense to grant them tax breaks when companies at home are struggling to rebound from the economic crisis.

You know President Obama can’t do anything without the GOP slamming him, right?

In the GOP address, Rep. Mike Pence, R-Ind., urged House Speaker Nancy Pelosi, D-Calif., to call Congress back into session to take an immediate vote on whether to extend Bush-era tax cuts.

“The prosperity of the American people is more important than the political fortunes of any politician or any political party,” Pence said.

The tax cuts have been a point of contention between the president and Republicans in the lead-up to the midterm elections. The GOP wants to extend the tax cuts for all Americans, including the top income earners, while Obama wants to extend the tax cuts only for the middle class – those families earning less than $250,000 a year.

We understand everybody has to eat but “Bob” the overworked, attitudinal tech support guy in North Dakota somewhere … we appreciate you!



  • jm@gic (Trini americans unite)

    Is Obama trying to make the white man mad at him

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  • I Am Legend ( Allergic To Darkies)

    thats a lie

  • Me

    Obama definitely need to start putting his foot down, because our nation is suffering and will continue to suffer if new jobs are not created within OUR borders!!!

  • redcora

    Dayuumm.. THANK U BOUT TIME!!.. LOST my cushy title job due to outsourcing!

  • Real Issh

    YESSSSSS ! lol . I’m tired of seeing 30 year olds working as a bagger at thee grocery store .

  • nyc-mrs.718

    i honestly think this talk about tax cuts has gone far enough..he really needs to push this if he wants the americans who voted for him in 2008 to elect him..and unemployment..i know its not easy to get these rich bastards to turn there heads but something has gotta be done..i still think that obama has done alot for this country and its being overshadowed buy alot of what the media is not putting out there..hope by the end of this year he can close this tax gap..=-/

  • Juliemango

    So the higher wages the u.s job creaters have to pay their employees to keep employment in the u.s will be compensated thru tax breaks, and the oversees employees go back to missionary handouts???

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  • Sweet Baby Jesus


  • ProudLatina

    ABOUT TIME !! I hope he can really do something about that, this is the reason there are so many unemployeed and the rich just keep getting richer while they pay a young child 10 cents to make a shirt that here will cost u $40 terrible.

  • tg

    It about FU$k!^& time.

  • Mrs. Rance

    He said that during the last election. He didn’t do jack sh*t about it and now he’s saying it again during this election. I love him, I’ll stump for him again and I’m going to vote for him again, but he’s full of sh*t for the most part like all politicians. I know he wanted to change things when he got in office, but the political machine will not allow it. I think he will do much more for this country after he leaves office, but I need him to stay for now so they don’t kill the healthcare bill before it goes into effect.

  • always knew

    Not one campaign promise kept. I’ll skip this one out..Voting independent.

  • lynn

    @alwaysknew- you’re a dumb idiot voting independent cause you did’nt get what you wanted yet. you think the repubs gonna give it to you. cause its gonna be a dem or repub president. so go ahead and throw away your vote. you’re gonna be one of the first to jump off the roof if a repub get back in

  • always knew

    otherwise*- excuse typo

    I always hate idiots who don’t make any money, have never seen any REAl $$, tellign someone else about theirselves, and whats so funny, is that they don’t have a pot to piss in or throw it out of.. What is voting Democratic gonna do for you? More of the same? WHO’S STUPID? THAT WOULD BE YOU.

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