Thursday, July 21, 2005

Dick Codey Takes On Outsourcing

Acting Governor Dick Codey recently signed an anti-outsourcing bill into law after it passed the legislature. Go here, to find the official press release that was given by the Governor's office.

It's suprising that Codey would take such a strong stance on trade, but it often seems that former local officials tend to be rather radical on labor-related issues. However, the language that was used to describe the bill was loaded with anti-immigration populism that hardly represents the opinions of most democrats in the state legislature.

While the bill obviously doesn't stop companies from outsourcing, it outlaws rewarding government contracts to companies that will be distributing the funds overseas, or will be employing non-Americans on the contract. Senator Shirley Turner (D-Mercer) announced that sending jobs overseas not only takes tax dollars away from New Jersey, but prevents tax revenue in the future.

This is simply not true. If a company can yield a larger profit by outsourcing a government contract, they will provide more tax revenue, not less. Although there is something dubious about spending New Jersey tax dollars on jobs done overseas, it's not different from using U.S taxes to give foreign aid, or more specifically, purchase foreign weapons.

Conservatives, liberals, what do you think about this bill?


At 1:13 AM, Blogger ljmcinnis said...

Protectionism won't work and never has. Just look at the history of our steel and textile industries. Competition is a good thing. It's what built America. The global economy will continue to expand with or without the mighty USA (and New Jersey). Penalizing companies with excessive restrictions and regulations only makes American business less competitive and less productive in an increasingly competitive, innovative world. We can't close the doors to open trade and pretend it's not going on.

At 12:44 PM, Blogger Enlighten said...

It's always about optimizing tax revenue at the expense of the taxpayers. Why? So they can "outsource" one guy's income to give to another. Sadder still, in their quest to get their hands on more tax revenue, their policies have the opposite result.

At 1:37 PM, Blogger jzafran said...

Jack knows nothing and he is incredibly unfunny.

At 1:47 PM, Anonymous njcons said...

Does that include H1-B Visa holders? The state pays below market for resources in the Tech arena. Many times it's not the company trying to make more money, but outsourcing is the only way to deliver the product or service within the state budget.

At 10:41 PM, Blogger Jack said...

Always appreciate the positive reinforcement Jared.

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