Brack Obama Outsourcing Policy 2010

U.S President Brack Obama said End tax breaks to American firms that move outsource jobs abroad. It,s a bad news for Indian IT and BPO Sectors. Immediate reactions from Indian IT firms suggest that there is little cause for worry.

Our India IT companies believe that outsourcing tax cut costs for which they have to offshore to low-cost destinations like India. India and China as countries that were going ahead with economic growth, President Obama said the U.S. could not accept a "second place".

Hindu News, Mr. Obama said: “Because of the steps we took, there are about two million Americans working right now who would otherwise be unemployed.” Pushing for the bill, he said job creation would be the country’s number-one focus in 2010. The bill will provide for taking $30 billion of the money Wall Street banks repay and use it to help community banks give small businesses the credit they need.