Friday, June 27, 2008

Obama against Outsourcing

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Taking a tough stand against outsourcing, the presumptive Democratic nominee Senator Barack Obama said that the choice is between giving tax breaks to companies that ship jobs overseas or give benefit to those corporations that keep jobs domestically.

''We can keep giving tax breaks to companies that ship jobs overseas, or we can give tax benefits to companies that invest right here in New Hampshire,'' Senator Obama said at a joint appearance with Senator Hillary Clinton in Unity, New Hampshire.

''We can have a tax code that rewards wealth and hands out billions of dollars more to big corporations and multimillionaires. Or we can provide a $ 1,000 tax cut to 95 per cent of families in America, start rewarding work and not just wealth, and eliminate income taxes for seniors making $ 50,000 a year or less,'' Obama said, adding that's an agenda for change that the people can believe in.

''We can allow millions of Americans to work full-time but still not make enough to support their families, or we can raise the minimum wage, index it to inflation, and ensure that hard work pays off in America,'' the Illinois Senator said.

2 comments:

neel said...
This comment has been removed by the author.
neel achary said...

Isn't it a big concern for countries like India.