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"they talk about eliminating double taxation, yet they want double tax workers working in other countries for american firms.
it hurts the bottom line of american companies and reduces jobs for american workers."
"Many US companies compensate their overseas employees by covering their US taxes, so repeal of the exclusion would increase company costs. It could also reduce the incentive for Americans to work abroad and encourage US companies to hire locals, tax experts said."
It is funny how he managed to leave this part out.
The tax is designed to encourage companies to hire local emplyees. Local employees grocery shop at local stores. Buy gas at local gas stations, buy tickets at local sporting events, opposed to spending their money in China.
The economy is a multi level platform. If a comany finds it to be more of a benifit hiring within the US, then that employee is going tom spend his cash in the US.
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