Thursday, October 04, 2012

The Tax Credit for Outsourcing Is Fiction .....

This is not too different from the “subsidies” for “Big Oil” that Democrats are always on about. There is some oil-industry favoritism in the law (in the tax code and elsewhere) but most of those “Big Oil” handouts are wide-ranging manufacturing tax credits and similar measures intended to encourage heavy industry in the United States. As with the Stabenow bill, the campaign allegedly intent on removing these favors would in fact simply exclude certain kinds of companies from exercising benefits normally available to most other businesses. It’s basically a bill of attainder against the oil industry.

Punishing businesses for making business decisions politicians do not like is banana-republic stuff; Barack Obama and his congressional allies should be ashamed of it.

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