Fact Check: Obama's Biggest Truths and Burning Lies
Claim: Tax Loopholes Encourage Companies to Outsource Jobs
True: In their first debate, Romney denied Obama's claim that there are tax "loopholes that are giving incentives for companies that are shipping jobs overseas." Politifact.com writes: "Independent analysts agree that firms with international operations can take advantage of tax loopholes that domestic firms cannot. Such tax laws might not be the deciding factor for companies to locate in foreign countries, but they make that choice more lucrative."