The Stakeholder
Hoffman and Scozzafava Sign Up to Protect Corporations Who Ship Jobs Overseas
Albany politician Dede Scozzafava and right wing extremist Doug Hoffman are committed to protecting corporations who ship jobs overseas with special interest tax breaks, turning their backs on hardworking middle class Americans who are really struggling during these tough economic times.
Scozzafava and Hoffman have embraced this out of touch position of the right wing fringe group Americans for Tax Reform as both have pandered to the group's interests in an attempt to shore up right wing political and financial support. Their positions, however, leave their agendas directly at odds with the best interests of Upstate New Yorkers.
"The fact that both Scozzafava and Hoffman are committed to protecting tax breaks for companies who ship jobs overseas prove that neither of them have the best interests of Upstate New Yorkers in mind," said Shripal Shah, Northeast Regional Press Secretary for the Democratic Congressional Campaign Committee.
"Times are tough and jobs are needed in Upstate New York, not overseas. Scozzafava and Hoffman need to put aside their partisan interests and stand up for what's best for Upstate New York."
BACKGROUND:
Hoffman and Scozzafava both signed the tax pledge. Doug Hoffman and Dede Scozzafava have both signed a pledge written by the Americans for Tax Reform to oppose tax increases. [Scozzafava Website; Hoffman Website]
ATR: Signers must oppose all attempts to increase taxes. According to the Americans for Tax Reform webpage titled ‘What is the Taxpayer Protection Pledge?', "In the Taxpayer Protection Pledge, candidates and incumbents solemnly 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 the New York Times, a proposal by President Obama would eliminate many tax breaks for outsourcing. "The administration would raise $86.5 billion by ending a practice in which companies create foreign subsidiaries to shift income in ways that avoid taxes....Another proposal would close a loophole that allows companies to inflate the credits they claim for foreign taxes to the I.R.S., for an estimated $43 billion in new revenues. Separate steps to crack down on wealthy individuals would raise nearly $9 billion." [New York Times, 5/4/09]
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