GOP blocks initiative that would reward insourcing.

[Shotgun 442]

GOP senators block top Obama jobs initiative

By Ted Barrett, CNN updated 8:29 PM EDT, Thu July 19, 2012

 

 

ashington (CNN) -- Senate Republicans on Thursday blocked the No.1 item on the president's congressional "to-do-list," refusing to allow a vote on a bill that would give tax breaks for companies that "insource" jobs to the U.S. from overseas while eliminating tax deductions for companies that move jobs abroad. In voting against the bill, Republicans raised both substantive and procedural problems with the measure.

 

The bill fell four votes short of the 60 needed to bring it to debate, with 42 voting against it. Four GOP senators -- Scott Brown of Massachusetts, Susan Collins and Olympia Snowe of Maine and Dean Heller of Nevada -- voted in favor of the bill.

 

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With job creation the top issue this campaign season, and outsourcing being blamed as a big contributor to the high unemployment rate, Democrats saw the bill as an election-year winner. Sponsored by Sen. Debbie Stabenow, D-Michigan, who is running for reelection, the bill made it to the top of the "to-do list" for Congress President Barack Obama unveiled earlier this year.

 

The Bring Jobs Home Act would provide a 20% tax break for the costs of moving jobs back to the United States and would rescind business expense deductions available to companies that are associated with the cost of moving operations overseas.

 

Senate Minority Leader Mitch McConnell, R-Kentucky, had warned Democrats before the vote that his party would want to amend the bill -- possibly with hot-button issues like repealing the health care reform law or extending the Bush-era tax cuts for all income levels.

 

Senate Majority Leader Harry Reid, D-Nevada, responded that those amendments were not germane to the bill and he would not allow votes on them.

 

In addition, Republican aides called attention to opposition by business groups like the U.S. Chamber of Commerce and the National Association of Manufacturers, who generally support Republicans.

 

Biden knocks GOP over outsourcing

 

In a letter to senators this week, the Chamber of Commerce called the bill "misguided" and said it "would hamper American worldwide companies' competitiveness, increase complexity in the Internal Revenue Code, and threaten economic growth."

 

The Chamber said it would count how senators voted on this motion in their annual "How they Voted" scorecard.

 

 

Doubtless they did this because they didn't want taxes raised on the rich company owners that outsource; after all they might just lose their campaign money, but their prime argument for not raising taxes on the wealthy is that they are job creators and it "trickles down." What's the argument for not raising taxes on the rich that don't provide jobs for Americans?

 

I don't personally care for Obama as a President, I've hated some of the things he's done, but I'll be damned if I vote for a party that will trash him for not making jobs and then turn around and prevent something that would aid in doing so just for their own political agenda.

 

Source

[blotsfan 2,112]

In principle, I don't like this bill, but its hypocritical for the republicans to give so many other tax breaks but not this one.

[Vin+ 3,121]

Ah politics. What a wonderful little game.

[Guest Phailadelphia]

but I'll be damned if I vote for a party that will trash him for not making jobs and then turn around and prevent something that would aid in doing so just for their own political agenda.

 

 

 

This has been going on for 4 years now.

[Favre4Ever+ 4,476]

 

Doubtless they did this because they didn't want taxes raised on the rich company owners that outsource; after all they might just lose their campaign money, but their prime argument for not raising taxes on the wealthy is that they are job creators and it "trickles down." What's the argument for not raising taxes on the rich that don't provide jobs for Americans?

 

I don't personally care for Obama as a President, I've hated some of the things he's done, but I'll be damned if I vote for a party that will trash him for not making jobs and then turn around and prevent something that would aid in doing so just for their own political agenda.

 

Source

 

The principle of the bill is stupid. Let the business owners make these decisions on their own without being blackballed byt he federal government. Jesus. Can't we do anything on our own anymore... Are we not capable of making our own decisions?

 

Ya, outsourcing means some jobs are lost... but the feds outsource TONS of work and save tens of millions a year because of it.

 

I would rather outsource these jobs and save on the end product, then take some faux moral high ground and insource while paying more for the same product.

[Duck Fallas 209]

If the GOP are not willing to vote to force companies to bring these jobs home, what right do they have to bitch about there not being enough jobs here in America? You can't have it both ways.

 

I think I saw a statistic the other day that stated something to the effect of the GOP bringing OBamacare up to debate 33 times so far, while not allowing a single debate on ANY of Obama's jobs bills. If that is accurate, then I guess this latest move by the GOP shouldn't be in the least bit surprising.

[Guest Phailadelphia]

The principle of the bill is stupid. Let the business owners make these decisions on their own without being blackballed byt he federal government. Jesus. Can't we do anything on our own anymore... Are we not capable of making our own decisions?

 

Ya, outsourcing means some jobs are lost... but the feds outsource TONS of work and save tens of millions a year because of it.

 

I would rather outsource these jobs and save on the end product, then take some faux moral high ground and insource while paying more for the same product.

 

The tax breaks and tax penalties only last 2 years. This is an attempt to lower unemployment in the States and improve the economy. It has nothing to do with an inability of Americans to make their own decisions.

[Favre4Ever+ 4,476]

The tax breaks and tax penalties only last 2 years. This is an attempt to lower unemployment in the States and improve the economy. It has nothing to do with an inability of Americans to make their own decisions.

 

Do what we say or you get taxed.... I beg to differ.

 

Same ol, same ol from the Feds.