Fact Sheet On Kerry Plan to Crack Down On Tax Breaks That Encourage Corporations to Outsource Jobs (1/2)

Summary


WASHINGTON, Oct. 3 /U.S. Newswire/ -- Following is a fact sheet from Kerry-Edwards 2004 on John Kerry's plan to crack down on tax breaks that encourage corporations to outsource jobs and shelter profits overseas (Part 1 of 2):

In recent weeks, new studies by independent tax experts have shown that U.S. corporations are using tax breaks to shift jobs and profits out of the United States at record rates, leaving middle- class taxpayers to foot the bill. George Bush has consistently defended these special tax breaks for corporations and pushed for even more tax giveaways to help the country's largest multinationals export jobs and shelter profits overseas. John Kerry has a plan to end incentives that encourage outsourcing and collect the taxes that American corporations owe.

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Fact Sheet On Kerry Plan to Crack Down On Tax Breaks That Encourage Corporations to Outsource Jobs (1/2)

September 13, 2004: Leading Journal Tax Notes Finds that Profits Sheltered by Subsidiaries of U.S. Companies in Tax Havens Jumped 69 Percent Under Bush

September 13, 2004: Leading Journal Tax Notes Finds that Profits Sheltered by Subsidiaries of U.S. Companies in Tax Havens Jumped 69 Percent Under Bush

Profits of Sheltered in Major Tax Havens

1999: $88,408

2002: $148,687

Percent Increa...

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