Kerry on Outsourcing
Kansas City Star reports Sen. John Kerry pledged to eliminate a tax break that U.S. companies get for foreign operations. Most likely this would only have a small effect on a limited number of companies and is unlikely to bring jobs back onshore.
"Most experts say that outsourcing isn't to blame for many of the 1.1 million private-sector jobs that have been lost over the past three years. And those jobs that are outsourced aren't driven abroad, as a rule, by the small tax break that Kerry decries, they say. Economists say that most companies that relocate jobs abroad do so to take advantage of lower wages and production costs."
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