To follow up on the last post...

As we mentioned in late July, the US House passed its version of the Farm Bill and a last minute provision included a $10 billion tax increase on businesses.

During Congressman Ellsworth's recent tour of the Toyota plant in Princeton, he was quoted in saying,

It's important to know the needs of employees and executives of businesses in his district and visiting them gives him first-hand insight into their operations.

That's odd...Ellsworth voted "yes" for the Farm Bill, which included the tax increase that is essentially a "slap in the face" to foreign-owned companies operating in the US.

According to the House Republican Leader John Boehner;

The tax hike in the Democrats’ Farm Bill jeopardizes the jobs of millions of working families by driving American jobs out of the country. At a time when China, India and Russia are opening their doors to expand their economies and attract investment, these tax hikes send the signal to every potential investor in the global economy that it’s not worth the hassle to invest in America.

We wonder if the employees at Toyota were aware of this latest vote that makes it tougher for its company to do business in the US?