Nor did he challenge the truth of Romney’s assertion. He made an ignorant joke, but he cited no ‘law’ or statute in the tax code to back up his own statement. So where is it? Maybe it’s not really there?
That is my point also. If there is such a law he had 14 hrs to find it and quote it in that speech——he didn’t.
He intimated that Romney was a jerk, when does a president call his opponent a jerk?
He called Romney Big Bird. I will take Big Bird over Urkle any day.
Yep. There’s tax breaks for companies that ship jobs overseas. There is a business expense of moving - overseas or to Chicago.
I didn’t see much factchecker activity on that boner. And I bet dimes to donuts Obama is still using it.
I will go with Romney on this one. Yes, there may be various tax credits or deductions you may receive doing business overseas to avoid double taxation--much of it due to reciprocity with other nations--but I doubt there is any incentive to relocate overseas apart from the lower labor costs and regulatory burden.
The point is that instead of the US trying to penalize US and multinationals from relocating to overseas locations, we should be trying to create a welcoming business climate that attracts businesses here. Millions of Americans are being employed by foreign firms. Hell, the Italians bought Chrysler. Obama is an idiot.