Senior Project Outline
Many people in today's society are not happy with the outsourcing that is happening in our country. Many people believe that the outsourcing is taking millions of jobs from our economy. Industries are given tax breaks when they move to an area and the government thinks and knows that they will bring in thousands or millions of dollars in revenue. Outsourcing also hurts our economy because it is putting us farther into our deficit. Outsourcing is not a good thing because they move to new countries so they do not have to pay American taxes, it hurts our economy, and one of the only ways that they will stay in our country is to take tax breaks.
In business, outsourcing involves the contracting out of a business process
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It ends up putting our country farther into its trillions of dollars in debt. “Eight of the biggest U.S. technology companies added a combined $69 billion to their stockpiled offshore profits over the past year, even as some corporations in other industries felt pressure to bring cash back home (U.S)”. Eight of the top technology companies,including Microsoft, Apple and Google, now account for more than a fifth of the $2.10 trillion in profits that U.S. companies are holding overseas. “The amount of unrepatriated foreign profits reached $2.4 trillion, according to Citizens for Tax Justice, allowing companies to avoid up to $695 billion in taxes …show more content…
Tax breaks are when a certain area or the government will give a company little to no taxes so they will stay in the area. This may or may not hurt our economy. Some companies end up leaving the area that gave them a tax break when the break runs out. This happened with the Film Industry in Wilmington, North Carolina. The Film Industry brought millions of revenue to our local economy when they made television shows and movies. It brought jobs for all types of people in the industry. Everything from actors to every type of behind the scene jobs. The film industry was brought to our area a few years ago and had an amazing impact on our economy. When the tax breaks ran out, they decided to leave. One person said that “The state got a bit more frugal, and didn’t see the importance of the film industry to the economy(Film)”. The film industry is to come back to Wilmington, North Carolina sometime this year says the news
The equipment is also out of the price range for most college students. Students would be looking at spending around $3788 for the kind of lab equipment used at DeVry. By creating an inexpensive and portable oscilloscope, function generator, and power supply that fits in one box about the size of a brief case we've addressed the primary issues associated with this equipment.
Along with many positives, there are always negatives such as: many immigrants that are illegal to the U.S. do not keep their funds here. Meaning that they come to the country without paperwork and send their earnings to the country they originally came from. This also means that the funds are not staying within the United States economy, but are going internationally and being added to another nation’s
A common biased opinion on immigration is that immigrants coming to the United States are taking American jobs. According to the Immigration Policy Center, “research indicates there is little connection between immigrant labor and unemployment rates of native-born workers.” The jobs that immigrants are taking are the low-budget jobs that Americans do not want. They not only get less pay, but also less benefits in comparison to American workers. In fact, according to Forbes, “illegal immigrants actually raise wages for documented/native workers.” America is considered to be more productive when we have more trading partners, Undocumented workers with limited English skills allows more American workers
Immigration policies on DACA can have significant impact on the economy of the United States. DACA protect more than 800,000 dreamers who were brought illegally to United States for temporary work and education. Trump administration has proposed to end DACA. Ending DACA means these children will be sent back to their respective countries. Most of dreamers are studying in colleges or are working and contributing to state and federal government in terms of taxes. Ending DACA could lead to loss of major chunk of GDP. Editor from americanprogress.org named Tom K.Wong wrote in his article “DACA has been
It is believed that offshoring will have minimal effects on the employment rate in America due to the theory that when jobs are moved to other countries, the workers who have become unemployed will find employment as new opportunities are created. In reality, the adjustment will be difficult as proven by data collected by the Bureau of Labor Statistics Displaced Workers Survey in the year 2004. A survey showed that workers who were laid off between the years 2001 and 2003 remained unemployed at the beginning of 2004. It was also recorded that 43 percent of those who managed to find work earned the same pay as they did prior to being laid off, but the remaining 22 percent did not. These facts rely on the rate at which
There has been a long standing debate that Immigrants are taking jobs away from the American people. Immigrants do not have to pay taxes, they get all the overtime and send all their money home instead of boosting our economy. These are some of the misconceptions that are backing the theory that immigrants are taking our jobs. The most astonishing amount of people being affected by immigration includes the poor, and uneducated; as well as the need to fix an immigration system, that is weak.
This is because they say, in the long run, it helps our economy. They also believe that by outsourcing to developing and non developed countries they are enabling them to build or fix their economies as well. When you export a product to be made in a foreign country we are actually lowering the amount the Americans pay for that specific product. At the same time we are allowing a non developed or developing country to be a mass producer of something, which in turn helps their economies.
Tax decreases can stimulate economic growth because if people are paying less in taxes, they have more money to spend. It has been proven over the years that tax decreases generate economic growth and federal revenue will always rise. From a personal standpoint I always spend more during tax season because I usually get a good return; since I am a single parent and full-time student, therefore, I qualify for various tax breaks. These obviously affect my household because I am more disposable income. Tax decreases can help a business if their taxes are decreased the organization will payout less and have more income.
The argument comes from the fiscally conservative mindset, arguing that using taxpayer money for non-necessities, like film is wasteful. However, this view overlooks that the state’s rebate program exists as an investment that the state will eventually make profit on in the form of economic growth through employment. The legislation providing such rebates likely would never have existed in the first place if it were not economically beneficial to the state. Additionally, providing rebates is more likely to attract production of the benefit films that have tighter budgets and have trouble breaking even, rather than the stereotypical big budget films, meaning that rebates could mean the difference of a production company moving forward with riskier films or not. The Hollywood welfare argument is a politically expedient one because of the way Hollywood is viewed politically in present day American culture. Many on America’s rightwing view Hollywood as a big elitist organization with a liberal political agenda. Rhetoric like “Hollywood welfare” truly is a representation of the divisive nature of modern times. Schimmel writes in an essay regarding rhetoric that “language affects our perception and understanding of social and political realities, irrespective of how accurately it reflects them.” Conservative state politicians have capitalized on the preconditioned distrust conservatives have toward Hollywood paired with the negative connotations that the political right has associated with welfare has led to film tax incentives taking major blows, especially in predominantly conservative
Illegal immigration is a big problem in the United States. One of the big problems is lost jobs. Millions of American citizens are out of jobs because of foreclosure caused by illegal immigrants. Jobs that are less alluring are being taken over by illegal immigrants. So the Americans who would take these jobs to provide for their families now can't.
There are 11 million people living in America today that are undocumented or illegal immigrants. As many people in the country are divided on which side to fight for in the fight over immigration both sides can have valid points. While undocumented immigrants could be more willing to take the lesser, underappreciated jobs that nobody wants, they’re taking jobs from American citizens who are legally here who deserve to take care of their families. Undocumented Immigrants hurt the economy as they take jobs from american citizens and pay lower taxes causing citizens to have to pay higher taxes.
In his campaign, Trump swayed voters by promising them that he will create jobs by sending illegal immigrants back to their country of origin and by forcing companies to manufacture in the United States again. In Obama’s lame duck days, then president-elect Trump was able to convince Carrier, a company that manufactures air conditioners, to not outsource 1,000 jobs to Mexico. However, Carrier only agreed to this deal because Mike Pence, former governor of Indiana, offered the corporation 7 million dollars in tax breaks. In addition, he also invested 16 million dollars into the Indianapolis plant. At the end of this deal, America is losing for the reason that this company does not have to contribute a portion of their earnings to American government worker salaries that are paid by taxes, such as police officers and firemen. If America under Trump goes down the route of isolation, we citizens will feel the effect at the cash register. Due to minimum wage laws in the United States, if companies begin to hire American workers, the sum of wages the corporation will have to pay its workers will be higher than compared to hiring a foreign worker. As a result, the consumer will have to pay for this increase because the cost of production ascended. As an example, it currently costs Apple $190 to fabricate a single iPhone overseas. If they shifted to
Since outsourcing has begun effecting both party lines, Republican and Democrat officials will be interested because members of congress are self-interested. Congressmen who continue to evade the issue and avoid taking a strong stance on this issue will lose votes when it comes to election time and that doesn’t serve in the best interest for any politician. The other big player in this issue is big business. As labor is offered at cheaper rates overseas, it is very tempting for businesses to take advantage of that resource. Saving money is a great way to raise profits and stock values of companies. This brings up the hardest part of this issue. Americans own stock in the big companies that outsource jobs, if the company does well then the stock does well and it helps the investor. The average family makes between 33 to 45 thousand dollars a year. People in this bracket generally rely on their job to provide income and security for their family, not the value of stock. The middle class is taking the biggest hit and has the most to loose from outsourcing. The middle class has traditionally been the backbone of America ever since WWII. It has always been in any candidate’s best interest to appeal to this group of voters.
The immigration laws of the United States have caused many negative effects on the economy. Illegal immigration has been an issue in the United States – depending on how we look at it – since this country was founded. President Obama and the Democrats fought for the DREAM Act, legislation ensuring that young people who want to contribute fully to our society and serve our country are able to become legal residents and ultimately citizens. Although this bill has a long history of bipartisan support, Republicans decided to play politics with it rather than do the right thing. So the Obama administration provided temporary relief for youth who came to the United States as children, through no fault of their own, grew up as Americans and are poised to make a real contribution to our country
This is excellent. You speak of setting limitations on outsourcing in your response. What role do you think the government should play in this? You could talk about how outstanding has greatly harmed or economy. You mention how it hurts the American workers and hurts the workers overseas. It damages our economy by depleting the market of jobs. The less taxes would be collected on state and federal and local levels. Basically, states and federal government tax businesses. If these businesses take their jobs and their corporate presence overseas, the government cannot tax them. So this means less money for welfare benefits, less money for mental health, less money for prisons and law enforcement, etc. it places more tax burdens on regular people