Washington: Democratic Presidential hopeful Hillary Clinton has joined party rival Barak Obama in promising an end to tax breaks to companies that ship jobs overseas, playing to the gallery on the hot-button issue of outsourcing as she tries to resuscitate her White House bid.
“We are going to rid the tax code of these loopholes and giveaways. We’re going to stop giving a penny of your money to anybody who ships a job out of Texas, Ohio or anywhere else to another country,” Hillary said during a debate with Obama at University of Texas in Austin.
Hillary, who had in the past refused to join the anti-outsourcing bandwagon, has been perceived as a fence sitter on the issue till now.
Taking a cue from Obama, who has been fiercely opposing outsourcing, the 60-year-old, who is banking on March 4 contests in Ohio and Texas to revive her fading campaign, appeared to be joining the hardliners in an effort to attract the blue-collared workers.
“You don’t need an economist or the Federal Reserve to tell the American people that the economy’s in trouble, because they’ve been experiencing it for years now,” Obama said last night.
Promising to restore “a sense of fairness and balance” to the US economy, he said “we’ve got to stop giving tax breaks to companies that are shipping jobs overseas and invest those tax breaks in companies that are investing here in the United States of America.”
Clinton agreed, “We are going to rid the tax code of these loopholes and giveaways. We’re going to stop giving a penny of your money to anybody who ships a job out of Texas, Ohio or anywhere else to another country.”