Saturday, May 30, 2009

President Obama's Deferral Proposal: Hamstringing American Companies, Reducing American Jobs


President Obama's proposal to severely restrict "deferral" will cause a significant tax increase on American companies trying to earn market share in other nations. For all intents and purposes, the White House plan is protectionism, but the target is American companies rather than their foreign rivals. This Center for Freedom and Prosperity Foundation video explains why this misguided policy will reduce exports from America and reduce jobs in America. For more information: www.freedomandprosperity.org

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