N.C. Labor Calls for Hire
Release date: 07/18/12
CANTON, N.C. -- Labor and liberal groups are in western North Carolina to fire up demands for politicians to end tax incentives for U.S. corporations that create jobs overseas.
The AFL-CIO, MoveOn.org and others hold a news conference in Canton on Tuesday urging Congress to pass legislation that ends tax incentives for outsourcing and replaces them with a tax credit for keeping jobs in America.
That has been an issue pushed all this election year by President Barack Obama.
U.S. corporations have been adding jobs overseas partly because that's where an increasingly large share of their sales are.
The Commerce Department says American multinationals cut more than 800,000 jobs in the United States between 2000 and 2009 while adding almost 3 million overseas in the same period.