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Qdoba
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Username: Qdoba

Post Number: 1889
Registered: 03-2012
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Posted on Wednesday, July 18, 2012 - 10:31 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)
http://thehill.com/blogs/floor-action/senate/238405-senate-t o-take-up-outsourcing-bill-after-disclose-act-fails

Yesterday a bill was blocked in Congress that would have ended the tax credit for outsourcing jobs (where companies are REWARDED for outsourcing jobs to India, China and Mexico) and instead would have given a 20% tax credit to companies for bringing jobs BACK to America.


quote:

House Republicans today decided it’s more important to repeal the Affordable Health Care Act, which has helped hundreds of millions of U.S. families, than it is to pass legislation to bring back some of the 6 million jobs that have been shipped overseas in the past decade.

During this afternoon’s debate on the Republican bill to repeal the health care reform law, which the U.S. Supreme Court upheld June 28, Democrats offered a measure opening the door for a vote on the Bring Jobs Home Act (H.R.5542). But Republicans blocked the measure by 238-184.

Working families around the country are mobilizing to build support for the bill, which would eliminate tax breaks that allow companies to deduct expenses associated with moving operations overseas and would provide a tax credit to corporations that bring jobs back to the United States.

The Senate is expected to take up its version of the bill (S. 2884) later this month.

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