Republicans Support Tax Breaks for Companies Sending Jobs Overseas
Senate Republicans blocked a bill that would potentially bring millions of jobs back to the United States by refusing to end tax breaks for companies who outsource jobs.
The roll call vote failed to get the needed 60 votes by a margin of 54-42. Millions of jobs have been outsourced over the past decade in part because companies can get a tax break on their expenses related to sending jobs overseas. The Bring Jobs Home Act would have ended these tax breaks, and give companies who bring jobs home a 20% tax credit.
Before the vote Senate Majority Leader Harry Reid said:
“Quite frankly, a vote against this bill is a vote against American jobs. There is absolutely no excuse, no justification for any member of this body to vote against this legislation. But as of late, Senate Republicans have repeatedly blocked legislation, much like the Bring Jobs Home Act, that is good for the American people. That brings me back to the Longfellow quote that I mentioned at the beginning of my remarks: “It takes less time to do a thing right, than it does to explain why you did it wrong.” I see the wisdom in that quote each and every time another good bill is blocked by Senate Republicans.
Because each time after Republicans have voted against legislation good for working families, an odd scene has developed on the Senate floor. A procession of Republicans makes its way to the Senate floor, and individually Senators begin to explain why they voted against a good bill. After voting against an increase in the minimum wage; after voting against equal pay for women; after voting against cost-cutting energy efficiency; after voting against student loan refinancing; following all of these votes, the same spectacle unfolds immediately after: Republicans come to the floor and tried to make their case. So instead of voting for a good piece of legislation that would benefit folks back home, they spend a lot of time here explaining why they did the opposite”.
Article source: http://politicususa.com/2014/07/30/senate-republicans-vote-american-jobs-blocking-bill-outsourcing-tax-breaks.html
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