Biden knocks GOP over outsourcing
July 19th, 2012
05:51 PM ET
2 years ago

Biden knocks GOP over outsourcing

(CNN) – Vice President Joe Biden on Thursday chided Senate Republicans for blocking a vote on a bill that would give tax breaks to companies that bring back jobs to the U.S. from overseas.

"They prevented us from even being able to get a vote on that. So it's dead. It's dead," Biden said in a campaign speech in Ohio.

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The item, which was a top priority in the president's "to-do list" for Congress, also had a provision that would eliminate tax deductions for companies that outsource.

"They maintained a tax cut to take your company abroad and refused to give a tax cut to bring your company home," he said.

Opposing the bill, Republican aides pointed to opposition by business groups like the U.S. Chamber of Commerce and the National Association of Manufacturers, who generally support Republicans.

In a letter to senators this week, the Chamber of Commerce called the bill "misguided" and said it "would hamper American worldwide companies' competitiveness, increase complexity in the Internal Revenue Code, and threaten economic growth."

Biden on Thursday used the blocked bill to fault Republicans, including presumptive GOP nominee Mitt Romney, for being on the wrong side of the issue, and emphasized a need to bring jobs back to the United States.

"We're not betting on anybody else. We're betting on Ohio. We're betting on the United States of America," Biden said. "That's not just political talk. That is a natural fact."

The issue of outsourcing has not only been a hot policy topic of late, but also a major attack line on the campaign trail. Obama's campaign hammered Romney for weeks over reports that his former private equity firm Bain Capital was tied to the practice of outsourcing.

Hitting back, Romney's team this week launched a new offensive accusing the president of outsourcing jobs through his administration's trade policies and loan guarantee program–the latter of which gave federal funds to a green automotive company that held a factory in Finland.

Responding to Biden's attacks on Thursday, Romney's campaign described them as "misleading."

"No misleading campaign speech can hide the truth that President Obama's policies have not helped the struggling middle class. While this administration puts their faith in government, Mitt Romney puts his faith in the American people and their entrepreneurial spirit," said Ryan Williams, a spokesman for the Romney campaign.

– CNN Senior Congressional Producer Ted Barrett contributed to this report.


Filed under: 2012 • Joe Biden • Ohio • Senate
soundoff (69 Responses)
  1. Wire Palladin, S. F.

    Kentucky's turtle boy along with GOP low lifes, is trying to destroy America.

    July 19, 2012 05:55 pm at 5:55 pm |
  2. Namejkane fl SEND THE THREE TIME LOSER romney HOME AND MAKE IT FOUR.

    It just goes to show you the Gop bafoons party train wreck coming in Nov ,with romney and BACHMANN the clowns driving ,thanks Gop !!!

    July 19, 2012 05:57 pm at 5:57 pm |
  3. dontbow

    Then he turns around and buys his apple computer from chinese forced labor camps.

    July 19, 2012 06:05 pm at 6:05 pm |
  4. Bob

    "No misleading campaign speech"

    Rmoney's stock in trade. I don't think I have EVER heard him utter any thing truthful. Not once.

    July 19, 2012 06:13 pm at 6:13 pm |
  5. amf140

    PLEASE. PLEASE. PLEASE. Some reporter needs to look into the tie between Joe Biden and that Finnish company that got our stimulus dollars to build green cars in DELAWARE...................something starting to smell bad here or what.

    July 19, 2012 06:14 pm at 6:14 pm |
  6. Yeahona

    Let's outsource the Republicans to the rest of the world and then maybe the US has a chance. Why they want to send jobs overseas and make the US suffer is something I'll never understand. At one time, I used to vote for these clowns. I used to respect them. At one time the chamber of commerce was something good.

    July 19, 2012 06:31 pm at 6:31 pm |
  7. Jon

    Here we go again ... Biden knows that Obama's Jobs Czar is the CEO of GE ... he also know that the CEO of GE has been closing factories in the USA and opening new ones in China ... So why is he even talking about outsourcing jobs, when Obama either through his Jobs Czar or his government sponsored loans to the big donors to his campaign are doing nothing for the US economy ... especially when the loans are defaulted because of bankruptcy

    July 19, 2012 06:35 pm at 6:35 pm |
  8. 1twinsfan

    Once again, hurting the American public just to say no to the President.

    July 19, 2012 06:36 pm at 6:36 pm |
  9. Mack

    Filthy, lying Republucans. They want Americans to suffer so that they can play their political BS games. They serve at the foot of their wealthy masters; Romney, Koch boys, Adelson, etc
    How long before the 1% have 100% of the country's wealth?

    July 19, 2012 06:37 pm at 6:37 pm |
  10. Cameron James

    How can the republicans live with themselves for blocking a bill that will help American companies compete on their own turf and HIRE American workers? This would help the middle class, Romney. Idiot!

    July 19, 2012 06:37 pm at 6:37 pm |
  11. difoderit

    No surpise here – oh yeah that's right it's President Obama who is at fault for the slow job recovery – spin away GOP

    July 19, 2012 06:44 pm at 6:44 pm |
  12. Mack

    Why do the wealthy need a powerful military? To protect their money from the un-washed masses. They don't give a dam about America or We the People

    July 19, 2012 06:48 pm at 6:48 pm |
  13. Erik

    "While this administration puts their faith in government, Mitt Romney puts his faith in the American people and their entrepreneurial spirit"........that's the talking points Gov Romney and his campaign have to stick to. If they can stay on message they have a real shot at winning.

    July 19, 2012 06:53 pm at 6:53 pm |
  14. tkret

    Joey B - Clean your own house before you start complaining about the Republicans. Obama has outsourced more jobs than Romney. Three examples that come to mind are GE, GM and that electric car company that decided to build in Finland.

    July 19, 2012 07:07 pm at 7:07 pm |
  15. rs

    Further proof that the GOP would rather work AGAINST the needs of America and Americans, than work with the President of the United States.
    One sick organization.

    July 19, 2012 07:08 pm at 7:08 pm |
  16. Anonymous

    This isn't the first time the GOP has abstructed a bill to reverse tax breaks so they are given to bring jobs home instead of sending them overseas. There were bills in the Senate in 2009 that were filibustered by the GOP. The records are on congress dot gov for anybody who's interested to see. Don't believe the BS spewed by the GOP in front of the cameras. Go see what they are really up to.

    July 19, 2012 07:10 pm at 7:10 pm |
  17. Claudia, Houston, Tx

    Republican politicains don't want jobs, don't need jobs because they get paid by lobbyist and overseas investments. It's the American people that want and need jobs, both Republicans and Democrats.

    July 19, 2012 07:15 pm at 7:15 pm |
  18. Wire Palladin, S. F.

    Republicans have edited the president's remarks, and have altered his message. Only the wealthy who inherited money from their parents, like the Kochs and Mittens, think they did it on their own.

    July 19, 2012 07:15 pm at 7:15 pm |
  19. AJ

    Romney wants to be the outsourcer in chief!!!!!!!!!!!!!!!!!!!!!

    July 19, 2012 07:29 pm at 7:29 pm |
  20. Metron

    What a national shame that our president refuses to fund NASA. Our own astronauts have been outsourced to Russia.

    July 19, 2012 07:36 pm at 7:36 pm |
  21. Sanity

    A "ruthless" outsourcer and Obama party the day away, further cementing the fantasy in Liberal land that this president isn't a corporate shill.....After giving a speech in Austin, Texas in which he decried Mitt Romney for overseeing companies that outsourced jobs, President Obama attended a fundraiser hosted by Tom Meredith, a former Dell executive who once oversaw outsourcing at his own company — and said he would be "ruthless" about cutting costs.

    In 2001, while serving as senior vice president of Dell Computer Corp, Meredith defended plans to lay off between 3,000 and 4,000 employees — largely in Texas — while sparing about 4,000 jobs in Asia Pacific. When that strategy was reported by the tech press at the time Meredith defended the move.

    "We will be ruthless in how we address our cost structure," Meredith said, a comment that drew wide attention at the time.

    Obama has harshly criticized Romney for investing in companies that shipped jobs overseas, and said just Wednesday that he wants "to be a pioneer in in-sourcing."

    The fundraiser at Meredith's Four Seasons penthouse cost couples as much as $25,000 to attend, according to the Boston Herald.

    July 19, 2012 07:38 pm at 7:38 pm |
  22. California Gary

    Now that they prevented any positive action addressing the outsourcing problem........cue all the GOP leaders to come out and complain that Obama isn't doing anything about the outsourcing of American jobs. The guy just hasn't accomplished anything.........gosh, I wonder why?

    July 19, 2012 07:55 pm at 7:55 pm |
  23. Howard

    Even with the Bully Pulpit ... the main steam media ... Hollywood ... Gay America ... Black America ...and, all the illegals behind him ... polls show that the majority of Americans are beginning to see through the Obama lies and B.S.. However ... there are still a group of die hard, Obama stooges, who continue to deny the truth ... while still supporting the lying thief and traiitor, who has been systematically destroying America for the past 3 1/2 years.

    July 19, 2012 07:58 pm at 7:58 pm |
  24. ronb

    Silly republicans in congress! Why can't they understand that we do not want to provide tax breaks to outsource US jobs?? Then, they hit the American people to pay for unemployment, medical, and welfare benefits for the people whose jobs are outsourced! Incredible! Where's that tea party crowd when you need them? OR, maybe they are the silly ones to not see our tax dollars being wasted. CHANGE THE LAW...

    July 19, 2012 08:10 pm at 8:10 pm |
  25. Bootstomper

    He's right the GOP has always been and always will be on the side of big business.

    July 19, 2012 08:12 pm at 8:12 pm |
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