Obama plays anti-outsourcing card

Obama plays anti-outsourcing card

"I will stop giving tax breaks to corporations that ship jobs overseas", says Obama

Saturday, August 30, 2008

BANGALORE, INDIA: Democratic presidential candidate Barack Obama made a strong anti-outsourcing pitch during his acceptance speech on his candidature.

"I will stop giving tax breaks to corporations that ship jobs overseas, and I will start giving them to companies that create good jobs right here in America", he said during the speech.

Obama is often playing the anti-outsourcing card since he entered the presidential race. Earlier he had said that while the US cannot "shy away" from globalisation it would have to take measures to ensure that jobs are not shipped overseas.

Unfazed by his remarks on outsourcing, industry body Nasscom said, Indian software exports are unlikely to be affected by this as offshoring is a key economic decision for US companies. "US companies are facing shortage of talent to drive the growth. It is in their interests," said Som Mittal, President, Nasscom.

"Such decisions are determined by economic considerations by companies and they will find a way to remain competitive. Outsourcing is one of those ways," he added.

©CyberMedia News