On the Dumb-O-Meter, this one is right up there with “I can see Russia from my house!” Even the New York Times says it’s not true.
Bain owns a majority share of Sensata stock.
But Mitt and Ann Romney have NO information about or impact on Bain’s decisions.
Moreover, many of the key people running Bain Capital Investors at this time are Democrats who support Obama.
There is also no “tax break” for outsourcing jobs to China.
There is a tax deduction allowed on moving costs, but those apply no matter where a company moves.
They could move next door, across town, to a new state. They’d still get to deduct the cost of the move.