No tax breaks for outsourcing jobs: Barack Obama
Keeping up his tirade against outsourcing, US President Barack Obama said today that firms shipping jobs off shores should be denied tax breaks if manufacturing is to be brought back to America and employment is to be raised. Speaking in his weekly radio address to the nation, Obama said all tax benefits should go to companies that produce jobs inside the country. He said such a move is essential to not only bring back jobs to the United States but also make manufacturing in America competitive.