Hey RATpubliCONs - I found that $1.6 Billion your looking for

[FreakinDJ]

We Can NOT Close Tax Loopholes that Outsource American Jobs

love the positions RATpubliCONs take

GOP Blocks Bill to Punish Companies that Move Jobs Abroad

Republicans, with help from a handful of Democrats, used a filibuster to block a measure that would have used the tax code to punish big companies that shut U.S. manufacturing plants and move the jobs overseas.

The Senate voted 53-45 in favor of the procedural motion, but Democratic leaders needed 60 to take the bill up.

Current tax law allows companies to benefit in a variety of ways when they move jobs overseas, including deducting the costs of closing American plants. The proposed bill would have raised taxes on companies that move manufacturing jobs out of the country and provide a tax incentive for companies that decide to bring them back.

Senator Debbie Stabenow, D-MI, said it was an attempt to protect American workers and the bill "sends a simple message: stop shipping our jobs overseas."

http://www.cbsnews.com/8301-503544_162-20017896-503544.html

Hope the RATpubliCONs choke on their "No New Taxes" meme

How Many Jobs Have We Lost?

More than 3 million manufacturing jobs have disappeared since 1998, and the Economic Policy Institute estimates 59 percent—or 1.78 million—of these jobs have been lost due to the explosion in the U.S. manufacturing trade deficit over the period.

Goldman Sachs estimates 400,000–600,000 professional services and information sector jobs moved overseas in the past few years, accounting for about half of the total net job loss in the sector over the period. A Deloitte Research survey found one-third of all major financial institutions are already sending work offshore, with 75 percent reporting they would do so within the next 24 months. A U.C. Berkeley study found 25,000 to 30,000 new outsourcing-related jobs advertised in India by U.S. firms in just one month in 2003.

One service sector hard hit by job losses is information technology, especially software. The pro-outsourcing consulting firm Global Insight estimates we lost 104,000 information technology jobs to offshore outsourcing between 2000 and 2003, more than a quarter of the 372,000 jobs lost in the sector overall during the period. The Economic Policy Institute found employment in U.S. software-producing industries fell by 128,000 jobs from 2000 to early 2004, while about 100,000 new jobs producing software for export to the U.S. were created in India over the same period of time.

States are outsourcing public sector jobs as well, though most state governments do not know exactly how many. At least forty states contract out administration of electronic benefit cards for the food stamps program offshore. In one audit, the state of Washington found 36 out of 41 agencies were contracting out work overseas. A recent study by INPUT Research projects outsourcing of state and local government technology contracts will grow from $10 billion last year to $23 billion in 2008.

http://www.aflcio.org/issues/jobseconomy/exportingamerica/outsourcing_problems.cfm

3 Million Jobs at an Average Salary of $28,464 annually / Taxed at an average 19% = $162,000,000 annually over 10 years = $1.6 Billion Dollars in Lost Tax Revenue

http://www.worldsalaries.org/usa.shtml

"Children - can we say RATpubliCON Economy Destroyers"

[Bryn]

1. k&r