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Obama for tough stance against job outsourcing

business Updated: Jun 28, 2008 08:15 IST

Taking a tough stand against outsourcing, the presumptive Democratic nominee Senator Barack Obama said that the choice is between giving tax breaks to companies that ship jobs overseas or give benefit to those corporations that keep jobs domestically.

"We can keep giving tax breaks to companies that ship jobs overseas, or we can give tax benefits to companies that invest right here in New Hampshire," Senator Obama said at a joint appearance with Senator Hillary Clinton in Unity, New Hampshire.

"We can have a tax code that rewards wealth and hands out billions of dollars more to big corporations and multimillionaires. Or we can provide a USD 1,000 tax cut to 95 per cent of families in America, start rewarding work and not just wealth, and eliminate income taxes for seniors making USD 50,000 a year or less," Obama said, adding that's an agenda for change that we can believe in. That's the choice that we can make in this election.

"We can allow millions of Americans to work full-time but still not make enough to support their families, or we can raise the minimum wage, index it to inflation, and ensure that hard work pays off in America," the Illinois Senator said.

"I don't care black, white, Hispanic, Asian, Native American, young, old, rich, poor. It doesn't matter. There's this sense of what this country is fundamentally about, a fundamental goodness, and that if we tap into that, I am absolutely convinced that we can lift this country up to new and greater heights.

"This is one of those moments in our history when we have to tap the decency of the American people. This is our chance to turn the page on the policies of the last seven and a half years. This is our chance to bring a new energy policy to America and new ideas to America," Obama said at a historic moment during the campaign trail.

"So here's the choice in this election. If you like the direction America is going, then vote for Senator McCain, because you'll definitely get more of the same. But if you think we need a new course, a new agenda, then vote for Barack Obama and you will get the change that you and we need and deserve," Senator Clinton said in her opening comments.