Cleaning up a Dirty Mess
This is a big, dirty economic mess we find ourselves in and without getting into the blame game, it's time to work on a realistic fix.
When something is dirty, you need to clean it up. There are a lot of causes to our mess, but for the purpose of this entry I am focused on one in particular, the outsourcing of jobs to other nations. This may have enhanced the profit margins of U.S. corporations, but it hasn't done a thing to help the bottom line of Americans whose jobs were sent overseas, nor has it helped the economies of those communities where those jobs were lost.
So I propose we use some SOAP to clean up this mess. Stop Outsourcing American Propersity would be an act of Congress to penalize U.S. corporations and Multinational Corporations that operate in the U.S. that take U.S. jobs and send them overseas to be done more cheaply. SOAP would do this by establishing the following conditions:
1. Corporations would no longer be able to take a tax deduction for the salaries and other expenses of jobs that are outsourced outside the U.S.
2. These corporations would also be subject to a Federal excise tax on the salaries of jobs outsourced outside the U.S. with the revenue from this tax being used to fund extended unemployment benefits and job re-training benefits for those whose jobs were lost through said outsourcing.
3. For manufacturers who outsource jobs overseas, additional tarriffs would be placed on goods they send back to the U.S. from their overseas factories
4. Tax credits would be given to corporations who had previously outsourced jobs and who bring them back to the U.S.
Apply a little SOAP to any dirty mess, add some elbow grease and effort and pretty soon the mess begins to get cleaned up.
When something is dirty, you need to clean it up. There are a lot of causes to our mess, but for the purpose of this entry I am focused on one in particular, the outsourcing of jobs to other nations. This may have enhanced the profit margins of U.S. corporations, but it hasn't done a thing to help the bottom line of Americans whose jobs were sent overseas, nor has it helped the economies of those communities where those jobs were lost.
So I propose we use some SOAP to clean up this mess. Stop Outsourcing American Propersity would be an act of Congress to penalize U.S. corporations and Multinational Corporations that operate in the U.S. that take U.S. jobs and send them overseas to be done more cheaply. SOAP would do this by establishing the following conditions:
1. Corporations would no longer be able to take a tax deduction for the salaries and other expenses of jobs that are outsourced outside the U.S.
2. These corporations would also be subject to a Federal excise tax on the salaries of jobs outsourced outside the U.S. with the revenue from this tax being used to fund extended unemployment benefits and job re-training benefits for those whose jobs were lost through said outsourcing.
3. For manufacturers who outsource jobs overseas, additional tarriffs would be placed on goods they send back to the U.S. from their overseas factories
4. Tax credits would be given to corporations who had previously outsourced jobs and who bring them back to the U.S.
Apply a little SOAP to any dirty mess, add some elbow grease and effort and pretty soon the mess begins to get cleaned up.
posted by me at 9:01 AM
