Biden Attacks Romney on Taxes, Outsourcing
ice President Joe Biden stepped up the Obama administration’s attacks on Mitt Romney over taxes and outsourcing.
In a campaign appearance in Davenport, Iowa, on Wednesday, Mr. Biden first accused Mr. Romney of shipping factories offshore as CEO of Bain Capital, and then offshoring government services as governor of Massachusetts.
“Now, as a presidential candidate, [Mr. Romney] has proposed a new international tax system that zeroes out taxes for companies that create jobs outside the United States of America,” Mr. Biden added. “President Obama and Gov. Romney, Joe Biden and whoever the [GOP vice presidential] nominee is going to be, we are talking about taxes and the burden on manufacturers. But there’s a big difference. Our tax cuts go to companies that create jobs over here. The Romney tax cut goes to companies that create jobs overseas. It’s a fundamentally different philosophy from ours.”
The comments show how Democrats hope to use once-obscure international business tax issues in the 2012 campaign, as a way of shifting blame for the nagging job shortage onto big businesses and their GOP allies.