Congressional Budget Office Finds GOP Corporate Tax Proposal Would Push Jobs Overseas

Congressional Budget Office Finds GOP Corporate Tax Proposal Would Push Jobs Overseas: Under current U.S. tax law, corporations are allowed to defer paying taxes on their overseas profits, resulting in lost revenue for the federal government of up to $10 billion per year. President Obama has proposed doing away with this policy, somewhat, by restricting the use of tax credits until corporations bring those overseas profits back [...]/p

Bain Capital wants to silence 'Bainport'

The situation is reaching fever pitch at the Sensata factory in Freeport, Illinois. Not only is Mitt Romney's Bain Capital shipping 170 American jobs to China, as we've reported on The Ed Show, but they're now trying to crush the workers' free speech rights.

Mitt Romney stays silent on Sensata as he lies about Jeep jobs going to China

Mitt Romney stays silent on Sensata as he lies about Jeep jobs going to China
"Let's untangle the levels of nerve here. Romney is claiming that the way to keep Chrysler from moving Jeep production to China is to elect Mitt Romney. In fact, not only is Chrysler not moving Jeep production to China, it's expanding Jeep production in Michigan and Ohio. But don't worry, if you vote for Romney, he'll fight for every one of those jobs to be kept right here in America."

Revealed: Romney’s Bain Capital Invested in Grotesque Chinese Sweatshop, Detailed at Boca Raton Fundraiser | Alternet

Revealed: Romney’s Bain Capital Invested in Grotesque Chinese Sweatshop, Detailed at Boca Raton Fundraiser | Alternet
"Republicans like to paint Romney as an entrepreneur whose activities at Bain Capital have benefited Americans. In a campaign full of whoppers, that’s one of the biggest lies of all."

Sensata Workers React to Romney Bragging about Chinese Sweatshops

Sensata Workers React to Romney Bragging about Chinese Sweatshops
"Employees of the Bain-owned company Sensata, about whom Kenneth blogged about back in June trying to save their jobs from being outsourced, watched the video and were asked for their reactions."

Paul Ryan Struggles With the Inconvenient Demands of Democracy | Common Dreams

Paul Ryan Struggles With the Inconvenient Demands of Democracy | Common Dreams
"Ryan and Zerban have fundamentally different positions on the issues. Ryan wants to undermine Social Security, Medicare and Medicaid with what former House Speaker Newt Gingrich refers to as “right-wing social experimentation,” while Zerban would preserve these programs. Ryan opposes meaningful healthcare reforms that would expand access to care while cutting costs, while Zerban supports the real reform of a “Medicare for All” program. Ryan supports free-trade deals and manufacturing policies that have led to the shuttering of major industrial facilities in Janesville (a General Motors plant), Kenosha (a Chrysler plant) and Oak Creek (a Delphi plant) during the course of his Congressional tenure, while Zerban favors fair trade policies designed to protect jobs, communities and the environment. Ryan advocates for narrowing the definition of rape as part of an aggressive push to limit reproduction rights, while Zerban supports a woman’s right to choose."

Senate Bill Continues Tax Breaks For NASCAR, Rum, And Offshoring Profits

Senate Bill Continues Tax Breaks For NASCAR, Rum, And Offshoring Profits: Last week, in what Reuters called “a rare show of bipartisan unity,” the Senate Finance Committee approved a package of so-called tax extenders by a 19-5 vote. The extenders package contains a variety of expiring tax provisions that are regularly renewed. The senators on the committee were slapping themselves on the back for achieving some [...]/p

Major Banks Help Clients Hide Trillions in Offshore Tax Havens

"US media and politicians mostly ignore massive untaxed wealth that big banks help rich move to tax havens"