Bush tax breaks for outsourcing

[Independent1]

Here is the info, recited from Factcheck.org:

Kerry: Tax Breaks for Outsourcing

The Kerry campaign has consistently implied -- and sometimes stated outright -- that Bush is responsible for subsidizing companies that send jobs overseas. This is at best a serious exaggeration and at its worst an outright falsehood, as in a recent Democratic National Committee TV ad running in Michigan. Of Bush and Republicans in Congress it states: "Their plan for our economy? Tax breaks for sending jobs overseas."

Actually, the US tax code has given such tax breaks for decades, under both Republican and Democratic presidents. It is most certainly not Bush's doing. Bush does oppose Kerry's proposal to address the tax incentive, on grounds that it would hurt some US exporters (and their workers.) But even Kerry concedes that his plan wouldn't put an end to jobs going overseas, and economists say such "outsourcing" accounts for a tiny fraction of total job loss in any case.

For more, see "Kerry Blames Corporate Tax Code for Shipping Jobs Overseas " from July 28.