President Barack Obama urged Congress to enact tax proposals that reward technology companies and other businesses that help create jobs in the U.S. rather than overseas.
Boeing Co., whose Everett, Washington, jet factory Obama visited yesterday, has “put thousands of folks to work all over the country,” Obama said in his weekly radio and Internet address. “We want to see more of this. We need to make it as easy as we can for our companies to create more jobs in America. And that starts with our tax code.”
Obama said U.S. businesses created 3.7 million new jobs over the past 23 months, adding, “Companies like Boeing are realizing that even when we can’t make things cheaper than China, we can make things better. That’s how we’re going to compete globally.”
“No company should get a tax break for outsourcing jobs,” Obama said. He urged helping “manufacturers who set up shop here at home,” particularly technology companies. “And Congress should send me that kind of tax reform right away.”