President Obama's Deferral Proposal: Hamstringing American Companies, Reducing American Jobs

President Obama's proposal to severely restrict "deferral" will cause a significant tax increase on American companies trying to earn market share in other nations. For all intents and purposes, the White House plan is protectionism, but the target is American companies rather than their foreign rivals. This Center for Freedom and Prosperity Foundation video explains why this misguided policy will reduce exports from America and reduce jobs in America. For more information: www.freedomandprosperity.org

• Category

  Nonprofits & Activism

[Shadowdyce11]

You're kidding right? You do know that under Obama our GDP and Corporate Income have been going UP, right? And you do know that our economy started to decline after Reagan began deregulating corporations... right? Don't get me wrong, the CIT is WAY too high, but other than that, it's a good time to be a board member.

[getgene]

There is a better justification for Obama's destruction of our economy. It is his mission to do just that. Just look at actions and stop trying to ascribe rational error being made. .He is moving to end our system which permits individualism, entrepreneurialism, and self governance.

Forget the non-argument of: he didn't start stupidity. Aside from being illogical, the movement of Progressives/Marxists is nearly 100 years old. Now, they are "all in" as the time is right.

[getgene]

There is a better justification for Obama's destruction of our economy. It is hismission to do just that. Just look at actions and stop trying to ascribe rational error being made. .He is moving to end our system which permits individualism, entrepreneurialism, and self governance.

Forget the non-argument of: he didn't start stupidity. Aside from being illogical, the movement of Progressives/Marxists is nearly 100 years old. Now, they are "all in" as the time is right.

[ZelbeQahi]

Unemployment and job exports did not begin with Obama. They were initiated during the Reagan era of deregulation on corporate and SEC regulations that opened the floodgates for "Tony Montana" type businesses that end up running sweatshops around the world! Take responsibility in your support for conservative and Republican congressmen that own stock overseas and keep you unemployed. Obama, like Bush, are not soley responsible for you keeping the good ol'boy fatcat system alive!

[RoboJesusChrist]

I like all these fools who think that in order to 'maintain our competitive edge' we have to slash wages and benefits on all workers until there's basically no difference between the US labor market and that of some third world state. Oh yeah, and slash taxes on corporations that pay basically no taxes already. In this wonderful right-wing utopia, you all would be working for pennies a day in a poisoned deregulated industrial wasteland, a veritable return to the robber-baron era.

[groov539]

To all you young 0bamabots. WAKE THE F*** UP and realize that support for 0bama is support for YOUR unemployment.

[oilhammer04]

What a great way to further hinder the economy and drive businesses away. I think Obama wants to destroy America economically and remake her in the image of his Marxist dream.