TV News LIES

Thursday, Mar 26th

Last update05:44:19 AM GMT

You are here News Economy Technology Companies Lobby U.S. Lawmakers for Lower Corporate Tax Rates

Technology Companies Lobby U.S. Lawmakers for Lower Corporate Tax Rates

E-mail Print PDF

John Daane, chief executive officer of Altera Corp.A group of Silicon Valley corporate leaders ventured to Capitol Hill this week with a message for U.S. lawmakers: If you don’t lower our taxes, plenty of other countries will.

The 18 CEOs and other executives met with dozens of legislators March 16 and yesterday with the aim of also protecting government spending on scientific studies and tax deductions for corporate research and development while pushing for changes they say will make their companies more competitive.

It was the Semiconductor Industry Association’s first lobbying tour since moving its headquarters from San Jose, California, to Washington last September, and a bid by the industry to flex its muscle as one of the country’s biggest exporters.

“The U.S. is competing with countries that want to build a semiconductor industry,” said John Daane, chief executive of San Jose, California-based Altera Corp., which designs programmable semiconductors. “Malaysia is offering a tax holiday to lure the businesses, and it’s basically a zero percent tax rate.”

Altera, whose devices are key components of products such as mobile phone base stations, already outsources much of its business to low-cost countries. The company has two research centers in the U.S., along with several sales offices. All of its chips, though, are made by Taiwan Semiconductor Manufacturing Co.

More...


Most Recent Related Stories...


Exposing America's Billionaire Welfare Ranchers

billionaire welfare ranchersAmericans love ranchers: Gritty ranchers, mom-and-pop ranchers, renegade ranchers — especially those who raise livestock on...

$10 Million Subsidy Allows Time Inc. To Cut Over 900 Jobs With No Penalty

Time, Inc.Despite being given a $10 million job-creation subsidy by New York State, Time Inc. will still...

AIG investors' $970.5 million settlement wins U.S. court approval

AIG settlementAmerican International Group Inc (AIG.N) shareholders won approval on Friday of a $970.5 million settlement resolving...

Obama to announce changes for student loan repayment

Obama to change student loan repaymentsPresident Barack Obama is slated to speak to students at Georgia Tech on Tuesday about how...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!