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Forum Post: Invest in the U.S.

Posted 12 years ago on Oct. 6, 2011, 5:57 p.m. EST by IonU (4) from Stratford, CA
This content is user submitted and not an official statement

We must make fundamental changes in our trade policy so that we rebuild our manufacturing sector. Corporate America must invest in the United States and stop the outsourcing of jobs to China, Vietnam, and other low-wage countries. Under current tax laws, the United States rewards companies that move manufacturing jobs overseas, through loopholes in the Tax Code known as deferral and foreign source income. If we ended the absurdity of providing tax breaks to companies that ship jobs overseas, as well as prohibit abusive and illegal offshore tax shelters the Joint Tax Committee has estimated that we could raise more than $1 trillion in revenue over the next 10 years.

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[-] 1 points by morriden (128) from Burton, MI 12 years ago

While I have no bad words or uplifting praise for this comment. I believe if we invest in alternative energy sources. Manly the use of solar panels on houses among other energy saving resources. Both a local industry who not only installs but maintains the systems and the home owner/renter will benefit from decreased costs of energy and bring more funding to the community at large.

[-] 1 points by ThirdParty2012 (52) 12 years ago

Well stated. This is truly where our lack of jobs woes stem from.. we also need to tariff imports from countries who deliberately manipulate their currency value to keep their costs well below ours (China). In 1950, 46% of American jobs were related to manufacturing. Today it's 15%.