Talking Tax Breaks for Offshoring Posted onWedn
Post# of 1903
Q: Do companies get a tax break for shipping U.S. jobs overseas?
A: Not specifically for that reason. But companies can deduct business expenses, including the cost of moving a job to another state or even out of the country.
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Q: Has President Barack Obama signed 900 executive orders, some of which create martial law?
A: No. Obama’s executive orders do not create martial law. And so far he has signed 139 executive orders — not 900.
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Q: Did the government buy 79 percent of all vehicles sold by General Motors in June?
A: No, that viral rumor is false. All fleet customers combined — including rental car companies and state and local governments — accounted for less than one-third of GM’s June sales.
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Q : Is the Democratic National Convention hosting a Muslim “Jumah” prayer service after rejecting a Catholic cardinal’s offer to lead a prayer?
A : No. A Muslim group scheduled an event that was independent of the convention at a city park. The cardinal is leading the convention’s closing prayer.
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Q: Would a “list of Republican budget cuts” by the “new Republican House” slash $2.5 trillion from federal spending over 10 years?
A: The list is real. But so far, there has been no action on the bill, which was sponsored by 33 conservative GOP House members.
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