For months, GE has said that the failure to reauthorize the export financing agency, which congressional Republicans have singled out as an example of corporate welfare, would force the company to move jobs overseas or risk losing contracts for turbines, power projects and other industrial equipment.
GE said Tuesday it had signed an agreement for a line of credit for certain power projects from France’s export credit agency, Compagnie Française d’Assurance pour le Commerce Extérieur, or Coface, which would result in 400 jobs moving to Europe, primarily from facilities in New York, Texas, South Carolina and Maine.
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11 comments:
A tantrum.
Can we all say bull crap GE
How about every time a corporation ships jobs overseas we raise their corporate income tax and raise the income tax rate on their top management and every time they bring jobs back to here we lower their taxes.
Tax them 35% per Trump.
These guys should be taxed on the money they are not paying in US labour - to offset the unemployment insurance payments.....
Basically, extortion. Give us what we want, or we'll ship 500 manufacturing jobs overseas. Until we decide to do it anyway.
If there were no Americans who could do the work, that's one thing. But we've got hordes of immigrants coming here to take jobs that won't even exist anymore...since they have been shipped overseas. So do they go back home and take the jobs? No. Far too many either latch onto our welfare system, one way or another, or turn to illegal activity and crime otherwise.
And Americans need not bother applying for their former jobs overseas. Other countries don't want us immigrating there, to take "their" jobs.
I'd like to see steep import tariffs levied on imports of expatriates companies' products.
51% treason tax.
Not a first for this company. In tight with presboet al. Why I won't subsidize them. I hate their products!
Why cant the government step in and prevent this?
Famous last words.
i started boycotting GE over 20 years ago. you can do the same.
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