Presidents Obama's Outsourcing tax, how will it affect the Philippine economy?

In an effort to discourage US companies to outsource jobs overseas, President Barack Obama vows not to give tax breaks to those companies involved and give those tax breaks to companies that keep their jobs on the American soil. Being the leaders in the Call Center Outsourcing industry, countries such as India, China and the Philippines will be soon wildly hit by this major development. These countries relied mostly on the Outsource jobs coming from the US. According to the studies, India will be the one to suffer most of the impact followed maybe by the Philippines which is being rank second to India in this category. This will mean a great number of jobs lost with the economy going to suffer a major blow. So while these things aren't coming into fruition yet, it would be better for us to explore the safer side of our IT industry here in the Philippines. Like India, our IT industry must begin targeting on product and R&D centered companies in which the workforce cannot easily be replaced by their own manpower.