Kerry Plan Targets 'Benedict Arnold' Firms; Democratic Candidate Says Companies Get Tax Breaks While They Send Jobs Overseas

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WASHINGTON (AP) - Democratic presidential candidate John Kerry on Friday unveiled his plan to deal with "Benedict Arnold" companies that he has repeatedly criticized during the campaign for reaping tax benefits while shipping U.S. jobs overseas.

But his proposal to end an estimated $12 billion annually in corporate tax relief is certain to stir stiff opposition from some of America's largest multinational companies who are currently enjoying those breaks. And private economists questioned whether it would do much to halt the hemorrhaging of manufacturing jobs to foreign countries.

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Kerry Plan Targets 'Benedict Arnold' Firms; Democratic Candidate Says Companies Get Tax Breaks While They Send Jobs Overseas

Speaking at Wayne State University in Detroit, Kerry said his corporate tax proposal was part of a comprehensive economic plan he will put forward in coming weeks to create 10 million jobs during the first four years of a Kerry administrati...

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