The US President Barack Obama emphasized the progression of the illustrious company “Master Lock” in the concern of jobs. Master Lock is a company that has exposed to save money by keeping manufacturing facilities in the United States and convey jobs back to United States. So to motivate them, Obama plan and went to Master Lock in Wisconsin and conversed with the employees and also advised them about the plans to boost American manufacturing. As the result of this negotiation Master Lock accepted to unveil the requirement for jobs in America is part of a growing trend, which called by Obama as a “In Sourcing.”
Barack Obama has unveiled his three opinions as are as follows: "First, if you're a business that wants to outsource jobs, you have that right, but you shouldn't get a tax deduction for doing it. That money should be used to cover moving expenses for companies like Master Lock that decide to bring jobs home. Give them the tax break.
Second of all, no American company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas. So we've said, from now on, every multinational company should have to pay a basic minimum tax. And every penny should go towards lowering taxes for companies that choose to stay and hire here in the United States of America. Give them a bigger tax break.
Third, if you’re an American manufacturer, you should get a bigger tax cut. If you’re a high-tech manufacturer, creating new products, new services, we should double the tax deduction you get for making products here in America. If you want to relocate in a community like this one that’s been hard hit when factories left town, you should get help financing a new plant, financing new equipment, training new workers.”
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