To: Cincinatus' Wife
In response to one of Obamas standard talking points on the corporate tax breaks for taking a plant overseas, Romney said:
Listen, Ive been in business for 25 years. I have no idea what youre talking about. I maybe need to get a new accountant. The idea that you get a break for taking jobs overseas is simply not the case. For Obama, it was bad.
4 posted on
10/04/2012 6:26:53 AM PDT by
Obadiah
(The corrupt MSM is the enemy of the American people.)
To: Obadiah
That was awesome! Im still laughing at the statement this morning. Classic line that will go down in history.
7 posted on
10/04/2012 6:28:47 AM PDT by
GoCards
(I am a Hobbit)
To: Obadiah
More than anything, I think the real loser was the MSM. They were exposed as complete sycophants.
22 posted on
10/04/2012 6:36:27 AM PDT by
patton
(Tinker toys, watches, and shiny things - we all sell rocks for a living.)
To: Obadiah
Somewhere online I found the ridiculous thread by which Obama is apparently staking that claim. it is that businesses are allowed to deduct their moving expenses when they ship stuff overseas.
So apparently, Obama is claiming he’ll have some effect on the economy by disallowing the shipping of materials overseas when they are involved with, what, simultaneously closing a domestic facility and opening one abroad?
Talk about empty and deceptive BS!
To: Obadiah
--
Romney said: "Listen, I've been in business for 25 years. I have no idea what you're talking about. I maybe need to get a new accountant. The idea that you get a break for taking jobs overseas is simply not the case." --
It depends on what "getting a tax break" means. I think what Obama is saying is that the taxes overseas are lower than in the US, so it's attractive for businesses to move overseas. So, he's going to save jobs by raising taxes? Maybe save jobs overseas, but not in the United States.
115 posted on
10/04/2012 7:42:30 AM PDT by
Cboldt
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