March 25, 2004
Kerry Calls for Change to Tax Code: 'No Jobs Overseas'
From Reuters:
"Democratic presidential candidate John Kerry will propose a broad change in international tax laws on Friday designed to discourage companies from shifting jobs to foreign countries.
"In a speech in Detroit, Michigan, Kerry will propose ending a tax provision that lets companies defer paying U.S. taxes on income earned by foreign subsidiaries....
"'Today we have a tax code that does more to reward companies for moving overseas than it does to reward them for creating jobs here in America,' Kerry said in remarks prepared for delivery at Wayne State University in Detroit."
So Kerry's going for the votes of the unemployed.
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