There's also provisions of the Internal Revenue Code meant to counteract the so called loopholes. For instance, there is section 41 of the Internal Revenue Code: "The Credit For Increasing Research Activities." This is a credit meant to incentivise domestic research and development activities. It acts as a tax credit for corporations hiring employees domestically who are performing R&D activity. It basically allows companies to use as a credit the salaries paid to domestic employees performing research and development activities. And the credit can't be claimed if the company is outsourcing. Meaning, they have to hire domestically.
Just showing the flip side. Its rarely as a black and white as many like to think.
Fair and valid point.I'm just saying that powerful interests use their lobbying and influence to get benefits,provisions,loopholes that benefit them. All perfectly legal. I just don't always buy the propaganda that it all benefits the American worker in the long run.
I think slowly but surely American workers are starting to question some of these actions.I mean in some sectors American workers are being outsourced by "foreign workers" who are actually brought HERE to do the work...and all sorts of chicanery . It's about the bottom line, always has been, always will be.."Trickle down economics" or whatever term big business is calling it these days is pretty much a smokescreen.
