What Obama was actually describing was a tax break for
ordinary business expense, including deductions allowed for a
company if it closes its plant in the United States and moves it
to another country.In July, Senate Republicans blocked a Democratic proposal that would have provided a tax credit to companies that move
production back to the United States. It also would have ended
the tax break that companies can claim when closing a domestic
plant, even if operations are moving abroad.
ordinary business expense, including deductions allowed for a
company if it closes its plant in the United States and moves it
to another country.In July, Senate Republicans blocked a Democratic proposal that would have provided a tax credit to companies that move
production back to the United States. It also would have ended
the tax break that companies can claim when closing a domestic
plant, even if operations are moving abroad.
—
Fact or fiction in the U.S. presidential debate? | Reuters
oh, snap! Reuters is socialist! :)
