Obama: Outsourcers won’t get tax breaks

Jan 29, 2010

Washington, Jan. 28: US President Barack Obama has revived the bugaboo of outsourcing by vowing to slash tax breaks to American firms that move jobs abroad and to help those who create employment within the country. “Job creation would be the country’s number-one focus in 2010,” he said, pushing for a new jobs bill in his first State of the Union address to a joint session of the Congress even as he acknowledged the step would not compensate for the seven million jobs lost over the last two years. Even as he promised to curb outsourcing, unlike in the past he did not mention India. —IANS

Arun Kumar

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