What should happen to companies that Moved Jobs Overseas?

Question

In PA, union members stood to cheer when Obama spoke of industrial job losses, saying, “I will take away tax breaks for companies that move their plants out of the U.S.”

Should those companies be taxed for taking jobs out of the US:?

Answer 1

There is no lawful way to tax any company for deciding to move jobs overseas.  Eliminating tax BREAKS would be something else, but what would that do but hurt the firms that we need to keep right here in the U.S.?.

Companies move to cities, states and countries where they hope to get the best return on their investments.  That's why we have TIF's and state tax breaks.  Other countries offer similar advantages, also cheaper and often better-trained and more willing employees, less crippling unionization, and more reasonable government regulations.

Everyone dumped on Halliburton, but for what?  Taking contracts to do what no other company was ABLE to do?  So now their new headquarters is welcomed in the middle east.  Goodbye, American jobs.

Thank you "Roadhazzards" for making the point about Ford and GM.  The fact is that they are global operations and have moved a lot of their work overseas, and that's the only place that they make a profit.

Answer 2

No, they shouldn't be taxed. Some people don't understand why companies send their jobs overseas. Jobs are sent overseas because of cheaper labor costs, lower taxes, and less regulations. If the leaders of this country want the jobs to return they will have to pass laws that allow lowers labor costs, which means getting rid of the labor unions, lower taxes, and get of regulating companies. This is the only way that jobs will return to this country. Like it or not, companies have every right to send their jobs overseas. Politions can not pass laws, ( Obama and Clinton ) to bring the jobs back or to keep them here.

Answer 3

Typical Democratic knee jerk reaction. Unions are responsible for driving jobs out of the country, look at the Automotive industry here in the USA, the average gross wage for a UAW member is $66 an hour to assemble a frigging car.  If Ford and GM could move their plants overseas I'm sure they would.

As for the smart people, we'll be looking at these companies to invest in, by leaving this country they will be ensuring the bottom line remains profitable.

Answer 4

Tax breaks are to reward a company that is moving inthe direction agreed upon by our lawmakers that is good for the majority or is in the future interest of America...

Why did the GOP decide that companies that ditch Americans workers deserve TAX BREAKS for the cost of moving jobs overseas and why do GOP voters who (also) have to pay taxes to subsidize the training and upfront costs of building new factories overseas believe it is a good   idea and are willing to pay for it???

Why should the taxpayers pay to get screwed and to s***w America? I do not understand the non-rich GOP...

Any co. that moves their work overseas should not only NOT get tax-breaks BUT should not get GOVERNMENT CONTRACTS!!!

Why reward anti-American behavior?

Answer 5

Imports should be taxed enough to make "made in America"cheaper.Unions should not make unreasonable demands that drive companies out of the country.Consumers should buy American made products and boycott companies that move their factories and services out of the country.This is not going to happen.