Businesses Could Lose Tax Benefits

2008-09-01 24

Employers that engage in outsourcing job opportunities that could’ve gone to citizens in the US may see an end in tax benefits. That is if Democratic Senator Barrack Obama is elected as the next President of the US.

The Presidential candidate announced his commitment and said “We’re going to take away tax breaks to companies that ship jobs overseas and give them to companies that invest right here.”

This policy could adversely affect workers in India.

Obama, speaking to crowds in Dublin, Ohio, continued his speech by saying, "You are working harder and harder just to get by. Tens of thousands, hundreds of thousands of manufacturing jobs have left. People have lost not just their job, but their healthcare, their pensions.”

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