Oct 22, 2009

Hoffman and Scozzafava Sign Up to Protect Corporations Who Ship Jobs Overseas

Albany politician Dede Scozzafava and right wing extremistDoug Hoffman are committed to protecting corporations who ship jobs overseaswith special interest tax breaks, turning their backs on hardworking middleclass Americans who are really struggling during these tough economictimes. 

Scozzafava and Hoffman have embraced this out of touchposition of the right wing fringe group Americans for Tax Reform as both havepandered to the group's interests in an attempt to shore up right wingpolitical and financial support. Their positions, however, leave their agendasdirectly at odds with the best interests of Upstate New Yorkers.

"The fact that both Scozzafava and Hoffman are committed toprotecting tax breaks for companies who ship jobs overseas prove that neitherof them have the best interests of Upstate New Yorkers in mind," said ShripalShah, Northeast Regional Press Secretary for the Democratic CongressionalCampaign Committee.

"Times are tough and jobs are needed in Upstate New York,not overseas.  Scozzafava and Hoffman need to put aside their partisaninterests and stand up for what's best for Upstate New York." 

BACKGROUND:

Hoffman and Scozzafava both signed the tax pledge. DougHoffman and Dede Scozzafava have both signed a pledge written by the Americansfor Tax Reform to oppose tax increases. [ScozzafavaWebsite; Hoffman Website]

ATR: Signers must oppose all attempts to increase taxes. Accordingto the Americans for Tax Reform webpage titled ‘What is the Taxpayer ProtectionPledge?', "In the Taxpayer Protection Pledge, candidates and incumbentssolemnly bind themselves to oppose any and all tax increases." [Americans for Tax Reform, accessed: 10/22/09]

Tax breaks for outsourcing cost US. According to theNew York Times, a proposal by President Obama would eliminate many tax breaksfor outsourcing. "The administration would raise $86.5 billion by ending apractice in which companies create foreign subsidiaries to shift income in waysthat avoid taxes....Another proposal would close a loophole that allows companiesto inflate the credits they claim for foreign taxes to the I.R.S., for anestimated $43 billion in new revenues. Separate steps to crack down on wealthyindividuals would raise nearly $9 billion." [New York Times, 5/4/09]

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