Deny deductions and tax credits for expenses in transferring Jobs abroad? GOP says NO

Discussion in 'Economy' started by rdean, Oct 18, 2010.

  1. rdean
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    rdean rddean

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    Tax Incentives to Keep Jobs in U.S. Blocked in Senate

    The 53-45 vote was short of the 60 needed to move the measure forward; four Democrats and independent Joe Lieberman of Connecticut voted with 40 Republicans against allowing formal consideration of the bill. Debate on the measure was tinged by partisan claims ahead of the Nov. 2 elections in which polls show Republicans are poised to gain seats in Congress.

    The offshore-jobs legislation would waive for two years the 6.2 percent payroll tax for employees hired by U.S.-based companies to replace workers who performed the same job overseas. That would save companies about $1 billion in taxes over the next three fiscal years, according to the Joint Committee on Taxation.

    The bill voted on today is S. 3816.

    Tax Incentives to Keep Jobs in U.S. Blocked in Senate - Bloomberg

    4 Democrats voted with ALL 40 Republicans. There are conservatives within the Democratic Party. Democrats don't vote in lockstep.

    From 2001 to 2008, Republicans moved 2.4 million jobs to China. They will NOT give up that investment in Communist China without a fight.
     
  2. Quantum Windbag
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    Quantum Windbag Gold Member

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    What's the matter? Did Reid run out of bribes for the Democrats?
     
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  3. Revere
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    Revere BANNED

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    They could not even get Democrats to support it.
     
  4. rdean
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    rdean rddean

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    The Democratic Party is a coalition Party. It even includes "conservatives". Those 4 conservatives voted against American jobs. That's no surprise. Maybe, like the Republicans, they prefer Chinese?
     
  5. Charles_Main
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    Charles_Main AR15 Owner

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    This bill sounds like a good idea to me, I wish it would pass.

    Though I am sure there is more to this story and why the Republicans and 4 Democrats voted to block it. That what you imply.
     
  6. Revere
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    Nobody creates jobs only for the sake of avoiding payroll taxes, or 6.2% of their compensation.
     
  7. rdean
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    rdean rddean

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    Imply nothing. From 2001 to 2008 Republicans did everything legally possible to move millions of jobs to China.

    Add the fact that they said over and over again they want Obama to fail and have attempted to block everything he has tried to do.

    In fact, the same Senators who apologized to BP have blocked the president's commission on the BP investigation refusing to give the commission subpoena power. What can you do without subpoena power? Nothing. They don't want BP investigated.

    And don't tell me to put up links. I already have a half dozen times. Go look it up.
     
  8. rdean
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    rdean rddean

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    So it's good they blocked it? It must have made somebody scarred.
     
  9. Revere
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    As useless as everything else passed by Congress and signed by Obama.

    Even Democrats could not pass it.
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Democrats still run everything, right?
     

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