The US President, Mr Barack Obama on Wednesday said his administration will soon come out with policies to reward companies that bring back jobs from overseas and invest in America.
At the same time, he vowed to eliminate tax breaks for companies that move jobs overseas. The policies in this regard are expected to be announced in the next few weeks and when he submits his annual budget proposals to the Congress.
“I want us to be known for making and selling products all over the world stamped with three proud words: ‘Made in America' and we can make that happen,” he said.