43,000 Manufacturing Plants left the country under Bush Tax Cuts

[FreakinDJ]

Millions of good paying American Jobs have left the country under Bush Tax Cuts
$60 Billion Dollars annually of Tax Revenue are lost to Corp. Tax Loopholes under Bush Tax Cuts
$2.2 Trillion (the amount the GOP wants to cut) have been lost under the Bush Tax Cuts

Mr Obama - SWING THE FUCKING AXE - the Bush Tax Cuts have got to go

Place the Bush Tax Cuts squarely in the center of the table and call for their immediate suspension as any part of the Deficit Reduction Talks. The American Economy will never recover. The Federal Government will never be able to balance the books, and the American Middle Class can not survive under these policies.

I wish we could form 1 Unified Voice asking for Social Security and Medicaid Cuts be replaced with rescinding the Bush Tax Cuts

[yourout]

1. To be fair......Clinton deserves some blame for this as well......NAFTA was the biggest "stain" on..

his presidency.

[FreakinDJ]

2. Bush Tax Cuts provided the Tax Loophole that encouraged outsourcing

that is why Manufacturing plants moved overseas at an increasing pace after 2001

Not even Clinton would do that

[mzmolly]

3. "Hey hey, ho ho, the Bush tax cuts have got to go."

;)

We need to rally!

[bahrbearian]

4. Tariffs,, thats not a tax on the american people.

[FreakinDJ]

5. Your Wrong -That is different policy

I am specifically talking about the Foreign Tax Deferment which is the most abused Corporate Tax Loophole today

You'll have to look it up for your self - I have been posting about it for a long time now

[bahrbearian]

7. Your Wrong, your bitching about 43,000 manufacturers leaving the country

to bring them back you need tariffs, look it up I've been posting about it for a long time.

[FreakinDJ]

8. YEP - me too

I think the negotiators of these UnFair Trade Deals should be held criminally liable. Just take a look at the Peterson Economic Institute whose members just finished negotiating the Korean Free Trade Agreement

http://publicintelligence.net/peterson-institute-for-international-economics/

More Foreign Corp interest then American Citizens on the board of directors. And the American Citizen that are on the Board of Directors is entirely comprised of Wall St's Good Ol' Boys Club

But Specifically -

I am referring to the Foreign Profits Tax Exemption which was created and expanded as part of the Bush Tax Cuts - Abuses of that provision and the Tax Haven conditions it expands ENCOURAGE Outsourcing of American Jobs. Since being enacted, 43,000 Manufacturing Plants have been moved outside of the United States and Millions of Good Paying American Jobs lost forever

Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes
http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html

[Dept of Beer]

6. Wrong post

[sarcasmo]

9. 43,000 plants at how man jobs per plant?

China's warehouse is what this country has become.

[FreakinDJ]

10. Factory jobs: 3 million lost 2000-2007 and still counting

Factory jobs: 3 million lost since 2000

Three weeks ago, Dawn Zimmer became a statistic. Laid off from her job assembling trucks at Freightliner's plant in Portland, Ore., she and 800 of her colleagues joined a long line of U.S. manufacturing workers who have lost jobs in recent years. A total of 3.2 million -- one in six factory jobs -- have disappeared since the start of 2000.

http://www.usatoday.com/money/economy/2007-04-20-4155011268_x.htm