Kerry Announces Corporate Tax Cut Plan

[TinaTyson]

The headline could use a little work. He is also talking about closing other tax loopholes.

http://www.washingtonpost.com/wp-dyn/articles/A27170-2004Mar26.html?nav=rss_politics/elections/2004

"Some may be surprised to hear a Democrat calling for lower corporate tax rates," Kerry told an audience at Wayne State University. "The fact is, I don't care about the old debates. I care about getting the job done and creating jobs here in the United States of America."

Kerry, speaking to Michigan voters who have seen unemployment spike during Bush's tenure, promised to create 10 million jobs in his first term. He said the first step would be eliminating rewards for companies that move overseas, calling it "the most sweeping tax law reform in forty years."

Kerry said he would challenge a reluctant Congress and special interests to carry out the changes in international corporate tax law. The presumptive Democratic nominee, in making his overture to the business community, overrode the objections of some advisers who opposed the corporate tax cut on political grounds.

[TinaTyson]

1. Already in the 2004 forum sorry.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=481440&mesg_id=481440

[Bandit]

2. Kerry has a real serious problem with the Heinz company having outsourced

American jobs and opened as many as 57 seperate companies in other countries. He is going to be tagged with this bit of hypocrisy even though he has absolutely nothing to do with the Heinz Company. It is owned by his wife but it is in the family so he must deal with it.

[sangh0]

3. Correction

The Heinz Corp is NOT owned by Theresa Heinz.

[Bandit]

4. Since it is a Corporation I have to agree with you however

she has control.

[mouse7]

14. No, Teresa does not have control of Heinz Foods

She chairs a charitable foundation built much earlier on some Heinz Foods money. The foundation diversified it's holdings long ago.

Teresa Heinz is not a member of the Heinz family. She was married to John Heinz, and inheritated Sen. Heinz holdings. That's it. End of connection....

Here's is the management team of Heinz Foods...

Management


William R. Johnson
President, Chief Executive Officer and Chairman of the Board
Joe Jimenez
Executive Vice President; President and Chief Executive Officer - Heinz Europe
Arthur Winkleblack
Executive Vice President and Chief Financial Officer
Michael J. Bertasso
Senior Vice President-President - Asia/Pacific
Michael D. Milone
Senior Vice President
D. Edward I. Smyth
Chief Administrative Officer and Senior Vice President-Corporate and Government Affairs
Laura Stein
Senior Vice President and General Counsel
Rene Biedzinski
Corporate Secretary
Theodore N. Bobby
Vice President- Legal Affairs
George Chappelle
Vice President and Chief Information Officer
John C. Crowe
Vice President-Taxes
Leonard A. Cullo, Jr.
Treasurer
Dr. F Kerr Dow
Vice President-Nutrition & Technical Affairs and Chief Scientist
Casey Keller
Chief Growth Officer
Edward McMenamin
Vice President - Finance
Tod A. Nestor
Vice President - Corporate Planning
Diane Owen
Vice President- Corporate Audit
Mitchell A. Ring
Vice President-Business Development
John Runkel
Vice President- Investor Relations
Lani Beach
Vice President; Chief Human Resource Officer

http://www.heinz.com/jsp/management.jsp

Here is the Board of Directors of Heinz Foods...



Board of Directors


William R. Johnson
President, Chief Executive Officer and Chairman of the Board, H. J. Heinz Company

The following Directors are Independent under the current NYSE rules, the proposed NYSE and SEC rules and the H. J. Heinz Company Director Independence Standards.


Charles E. Bunch
President and Chief Operating Officer, PPG Industries
Mary C. Choksi
Managing Director, Strategic Investment Partners
Leonard S. Coleman, Jr.
Senior Advisor, Major League Baseball
Peter H. Coors
Chairman, Coors Brewing Company
Edith E. Holiday
Attorney and Director, Various Corporations
Candace Kendle
Chairman and CEO, Kendle International Inc.
Dean R. O'Hare
Director
Lynn C. Swann
President, Swann, Inc.
Thomas J. Usher
Chairman and CEO, U.S. Steel Corporation
James M. Zimmerman
Chairman, Federated Department Stores, Inc.

http://www.heinz.com/jsp/directors.jsp

Do you see Teresa Heinz or John Kerry's name anywhere? NO.

[Maat]

5. Well, i don't think he has a problem, really.

I see a difference between producing in a particular country for that country's needs or that region's needs and producing outside the USA for the USA's needs. My understanding is that Heinz produced outside the USA for another continent's needs. But I could be wrong. If it did something objectionable, he and Teresa just need to admit it, and say, this is something we have to focus on. I think we need to focus on rewarding (A) small business creation and (B) keeping jobs here. Not that we should prohibit overseas job creation because we need to positively interact with other countries, but we need to reward job creation here.

[schultzee]

6. WTF does he have to give the jackels any weapons at all? Damn

[mikey_1962]

13. I see no problem either, now if a plant is closed here to open one

overseas; then there's a problem.

[Ravy]

9. The Heinz company doesn't outsource.

The Heinz company is a global company. It has offices and plants around the world. The foreign plants do not service the US customers. That bottle of ketchup you buy in Missouri was not made in Pakistan. If you go to Pakistan, the bottle of ketchup you buy there probably was.

This is not outsourcing. Outsourcing involves a company moving assets offshore to service the US Economy.


Besides the previous argument that neither Kerry, nor his wife, are involved in the company, the charge against the Heinz corporation is untrue.

If we don't understand the difference between US Companies globalizing their products and outsourcing, we fall easy victim to the right-wing spin machine.

[Ruby Romaine]

10. come on "57 seperate companies" get it? Heinz 57!

food does not equal tech or manufacturing jobs-multinational companies have been in other countries producing food for that particular country for a very long time-

Are Heinz pickles produced in China?
No
Is John Kerry heir to the Heinz fortune?
No.

Are you saying he owns his wife's assets?

[mikey_1962]

7. Cool My company's profit sharing is based on after tax earnings

[schultzee]

8. Are you going to make more money because of outsourcing?

[mikey_1962]

12. What does out sourcing have to do with my profit sharing?

[cprise]

11. YAAAAY!!! says cheerleader Bush!

[stldemocrat]

15. Huh?

Why is he *cutting* taxes for multinational corporations? How is that different from what Bushco has been doing?