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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.
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.