Republicans have successfully blocked legislation that would end preferential taxing for companies moving overseas. Currently, multinational companies are given preferential treatment on taxing policies when they close up shop here and move overseas. In current economic times, this is the most outrageous action I have seen!
How can they seriously justify giving tax breaks to companies who move operations overseas while closing up shop here in the US? How can they call that good governing? How can they look their constituents in the face and claim to be working on their behalf without crossing their fingers behind their backs to cover the obvious lie?
These same Republicans (and a few conservative Democrats) claim that the bill they oppose is just a political stunt. How? How is preventing companies from benefiting from shutting down jobs here a stunt? Isn’t that instead good representation that indicates that our representatives actually care that companies are profiting from our job losses? Even as many in that same party are calling people who are unemployed lazy and unwilling to work? Do they not see the hypocrisy of this? Do they not see how delusional this kind of thinking is? Or is the money corporations pay them to continue voting on their behalf (instead of on behalf of the people who elected them) more important?
The company I used to work for is a multinational corporation with headquarters in Lisse, Holland. They bought out the company that preceded them which was headquartered in Oxford, England. They had offices world wide in order to provide services to academic and public libraries around the globe. Once they took over the British company, they began to downsize, starting first with removing most of the British company’s employees (like me). Then they consolidated their former HQ with that of the British company to become a single office.
LIttle by little, more and more people were let go, including most of the female managers from the British company (most of the Holland company’s managers were male). Well, this is the the beginning of the 11th year since they merged and now all customer services but a skeleton crew have been moved to Sri Lanka and Singapore. My best friend continued working until last month as he was sent to Singapore to train those who would replace him and his entire department. Invoicing is in Sri Lanka and Customer and Publisher Services are in Singapore (except for the aforementioned crew in the US office).
The invoicing department failed to pay publisher invoices and library subscriptions were canceled, despite the fact that the libraries had been billed in advance by the Holland company and paid. Claims for missing issues were not fulfilled because the publisher had not received payment. Electronic access to titles was removed because payment had not been received. In short, customers were not receiving what they had paid for in advance. These libraries could not provide the services they were supposed to because the outsourcing company didn’t do the job it was hired to do.
The Holland company has lost quite a few large and lucrative companies because of these changes. They don’t seem concerned that their customers are unhappy. They don’t seem concerned that their competitors are now gaining their former customers. I can only assume their only concern is the tax advantage of moving overseas.
Why do the Republicans want this to continue? How can they castigate President Obama for not doing more to create jobs?? When will this lunacy end? How can this be allowed to continue and how can one party be blamed for what another party is helping achieve? I’m at a total loss on this one. I just don’t understand this way of thinking at all.