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Obama riles high-tech exec over outsourcing
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5-5-2009 12:10 PM
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taxes
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politics
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ac61c556-d503-415d-b826-e62afd15da73/6D2D4CEE-60F7-4E55-8184-A860F51E9341/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/05/BUF817D164.DTL&feed=rss.technology" href="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/05/BUF817D164.DTL&feed=rss.technology" style="font-size: 11px;">www.sfgate.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/05/BUF817D164.DTL&feed=rss.technology"><STRONG>Carl Guardino </STRONG>usually comes across as an amenable, mild-mannered Silicon Valley executive. But not on Monday. Not when he watched <STRONG>President Obama</STRONG> promising to end overseas tax breaks for U.S. companies that "create a job in Bangalore, India, (rather than) one in Buffalo, N.Y." Guardino, CEO of the <STRONG>Silicon Valley Leadership Group</STRONG>, angrily described Obama's language as "not only discouraging, but divisive."</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/05/BUF817D164.DTL&feed=rss.technology">"It would adversely impact our ability to invest and grow our business in the (United States) and to compete against our foreign competitors,"</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/05/BUF817D164.DTL&feed=rss.technology">according to <STRONG>Atulya Sarin</STRONG>, a professor of finance at <STRONG>Santa Clara University</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/05/BUF817D164.DTL&feed=rss.technology">"It's a bad idea from the word go,"</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/05/BUF817D164.DTL&feed=rss.technology">I hope saner minds will prevail.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/05/BUF817D164.DTL&feed=rss.technology"><STRONG>Sang Kim</STRONG>, an international tax attorney</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/05/BUF817D164.DTL&feed=rss.technology">warned of unintended consequences, including the possibility that more, not fewer, jobs could be shipped overseas</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/05/05/BUF817D164.DTL&feed=rss.technology"><STRONG>Nancy Pelosi </STRONG>said she "welcome(s) the strong initiative outlined by President Obama</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6D2D4CEE-60F7-4E55-8184-A860F51E9341/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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