Senate Republicans block bill to end tax breaks for outsourcing
Read more: http://thehill.com/blogs/floor-action/senate/213780-republicans-block-bi...
On Wednesday, the Senate voted 54-42 to end debate on S. 2569, the Bring Jobs Home Act — 60 votes were needed to advance the measure.
Sens. John Walsh (D-Mont.) and Debbie Stabenow (D-Mich.) introduced the bill, which would give companies incentives to bring jobs back to the United States, including a tax write-off for the relocating costs and an additional 20 percent credit.
Currently, U.S. companies can deduct from their corporate taxes some expenses of moving facilities overseas. Democrats said 2.4 million jobs have been outsourced in the past 10 years.
“It is wrong that American workers subsidize a corporate decision to pack up American jobs and ship them overseas,” Walsh said Wednesday. “That’s bologna.”
Senate Vote 240 - S.2569: On the Cloture Motion How they voted.