Let's solve problems rather than spout rhetoric. Revive the"Bring Jobs Home" Act.
In answer to the Republican question "Where do I stand: higher taxes or more jobs?" - The tax break needed for working families can be effected by removing now obsolete tax breaks for outsourcing jobs.So let's also draw attention to reviving Senate bill S.3364, the Bring Jobs Home Act, as it "Hits the Nail on the Head" with what's wrong in this country.
I am an Independent and so I can talk to both sides. This is neither "Democratic" nor "Republican" but really a PEOPLE issue, that cuts to the central core of the economic and political problems we are experiencing in this country! A decreasing domestic labor force is at the core of the problems our country is facing today, not only Medicare and Social Security, which of course are paid for by the domestic labor force, and also the deficit in general as that is paid for by general tax revenue.
Current tax law allows for the cost of moving jobs overseas to be deducted as a business expense. S.3364, sponsored by Senator Debbie Stabenow, D-Mich., would end that tax break while continuing to allow a deduction for jobs returned to this country or moved within the United States. The bill would provide an additional tax credit for 20 percent of the cost of moving jobs back to the United States. On July 19, the Senate rejected, 56-42, a motion to take up the bill, which would encourage companies to bring jobs back to the United States. The motion fell four votes short of the 60 needed to invoke cloture on the motion to proceed made by Majority Leader Harry Reid, D-Nev. Four Republican Senators, Scott P. Brown of Massachusetts, Susan Collins and Olympia J. Snowe of Maine, and Dean Heller of Nevada voted with all participating Democrats to take up the legislation. No further action is scheduled on the bill.
At least WV's Senators "stepped up to the plate":
Sen. John Rockefeller IV voted YES...
Sen. Joe Manchin III voted YES...
There really are only TWO permanent solutions:
A. Increase the domestic labor force and it's affluence so that more money flows in AND/OR
B. Levy constantly monitored and adjusted surcharges on imported goods and services such that the cost of those goods and services becomes near to what it would cost to domestically produce the same, then let quality decide which wins out! Place the fees of such charges towards insuring Medicare and Social Security are fully financed with all "back owed IOUs paid off" then lowering the national deficit, NOT towards any new spending!
A knowledgeable comment from a friend:
"Getting a bill passed that provides tax breaks to companies who bring their jobs back home is key to turning our economy around. While such tax breaks, provided they exceed remaining loopholes and are also conversely supported by the elimination of tax breaks to companies keeping their jobs or taking ours overseas, are the first and most important step we as a country must take; I cannot understate the significance of determining the value on an industry by industry basis, of other cost savings/ incentives which must also be addressed and included as the next critical step for the success of the first. For example, factors such as access to and transport of raw materials in manufacturing, transparency of technology, quality assurance, customer service, and national security, all of which are reoccurring costs, must also be considered and measured as part of our driving jobs agenda, in order to reduce our deficit, reduce unemployment and restore our country’s economic health." © Anne Lakos August 6, 2012