{"id":16096,"date":"2012-07-17T09:52:18","date_gmt":"2012-07-17T14:52:18","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=16096"},"modified":"2014-06-26T15:24:03","modified_gmt":"2014-06-26T20:24:03","slug":"fatca-may-end-up-killing-more-u-s-jobs-than-all-the-call-centers-in-india-combined","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2012\/07\/17\/fatca-may-end-up-killing-more-u-s-jobs-than-all-the-call-centers-in-india-combined\/","title":{"rendered":"FATCA &#8220;may end up killing more U.S. jobs than all the call centers in India combined&#8221;"},"content":{"rendered":"<p><a href=\"http:\/\/reason.com\/blog\/2012\/07\/17\/the-legislations-penalties-may-end-up-ki\" target=\"_blank\">Matt Welch<\/a> on the worst bit of legislation for US workers so far:<\/p>\n<blockquote><p>That&#8217;s a line from this <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702303933704577531280097324446.html\" target=\"_blank\">commendable <em>Wall Street Journal<\/em> column<\/a> by William McGurn about the oft-lamented-around-these-parts Foreign Account Tax Compliant Act of 2010, or FATCA (<em>rimshot<\/em>). While President Barack Obama keeps hitting presumptive Republican presidential nominee Mitt Romney over offshoring and jobs, one of Obama&#8217;s most economically deleterious laws continues inflicting damage largely off the journalistic radar screen.<\/p>\n<p>&#8220;Within the United States,&#8221; McGurn writes, &#8220;almost no American has heard of it. Save for the occasional article, it&#8217;s gone largely uncovered. And just like ObamaCare, the nastiest, job-killing aspects will not hit until after this November&#8217;s election.&#8221;<\/p>\n<p>McGurn points out that FATCA was the revenue-generating side of the Hiring Incentives to Restore Employment Act of 2010 (HIRE! God, I hate these people&#8230;.) \u2014 &#8220;a jobs bill dominated by tax breaks designed to get businesses to hire unemployed Americans.&#8221; So once again, government is &#8220;paying&#8221; for the economically dubious and morally spurious act of granting targeted tax breaks to favored corporations by screwing over the middle class.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Matt Welch on the worst bit of legislation for US workers so far: That&#8217;s a line from this commendable Wall Street Journal column by William McGurn about the oft-lamented-around-these-parts Foreign Account Tax Compliant Act of 2010, or FATCA (rimshot). While President Barack Obama keeps hitting presumptive Republican presidential nominee Mitt Romney over offshoring and jobs, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,84,9,13],"tags":[436,983,95,266,118],"class_list":["post-16096","post","type-post","status-publish","format-standard","hentry","category-economics","category-government","category-law","category-usa","tag-banking","tag-fatca","tag-jobs","tag-protectionism","tag-taxes"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-4bC","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/16096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=16096"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/16096\/revisions"}],"predecessor-version":[{"id":16097,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/16096\/revisions\/16097"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=16096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=16096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=16096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}