Detailed text transcripts for TV channel - MSNBC - 20100415:20:34:00
Offshore versus onshore tax code. how do you address it? >> it's astounding, but there are actual tax incentives for shipping jobs overseas. so what we did is we went to the companies and we said, look, we know you want these incentives, you believe that the tax rates are too high in this country. if we get rid of deferral, so we eliminate the incentive to take jobs overseas, we can cut your rates significantly when you manufacture in this country, when you produce jobs in this country. now we've got an agreement that both business and a lot of labor folks like and i think it's going to be ver...
Source: news source