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In My Book
U.S. Chamber of Commerce is against U.S. jobs
The U.S. Chamber of Commerce, largely funded by large companies, is against most efforts that favor U.S. jobs over jobs overseas.
Small wonder; after all, it is a chamber of commerce - not a "chamber of jobs."
Doubling the number of U.S. jobs does little for the membership of the U.S. Chamber of Commerce. On the other hand, allowing large member companies to move jobs overseas benefits them immensely.
- They avoid U.S. payroll taxes.
- They avoid U.S. income taxes (by deferring them as long as they leave the money in overseas banks.)
- They get foreign investment tax credits.
- They get a lower-cost product (primarily due to lower wages)
- They get higher profits.
- This generates larger bonuses for their executives.
- And if those bonuses are paid from the overseas accounts to the executive's overseas account ....
A local, small-town chamber of commerce typically consists of lots of Mom-'n-Pop business owners who are duped into sending part of their dues to the central U.S. organization -- which is consistently working against them.
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