The tax breaks keep the companies here in the US. When it is cheaper to move your manufacturing overseas and ship your products here then you have to look at the reasons why.Originally Posted by JITB
1. Corporate payroll taxes. The payroll side of taxes are the second highest in the world. These alone are killing thousands of jobs a year, even more now that the economy is so slow.
2. Labor costs. Raising the minimum wage will only serve to move more jobs overseas, and cause companies to cut others. Higher minimum wages, means more payroll taxes. Dems dont care about people bringing home more money, they care because if they make more money, they can take more away.