The U.S. Chamber of Commerce on Thursday announced its opposition to Senate legislation providing a payroll tax holiday to U.S. multinational companies that shift overseas jobs to the U.S. The bill, Creating American Jobs and End Offshoring Act, grants a two-year payroll tax holiday for companies that take on new employees who perform services in the U.S. that were once done abroad. The Chamber deems the provision a "zero sum game" when it comes to boosting economic activity internationally. "Replacing a job that is based in another country with a domestic job does not stimulate economic growth or enhance the competitiveness of American worldwide companies," wrote Chamber executive vice president Bruce Josten in letter to senators. U.S. Chamber comes out against Senate outsourcing bill - The Hill's On The Money Fact Check: NRCC Executive Director Unaware U.S. Chamber President Tom Donahue Supports the Outsourc At this mornings National Journal Midterm Cram Session, NRCC Executive Director Guy Harrison made it clear he was unaware that U.S. Chamber of Commerce President Tom Donahue has repeatedly promoted the outsourcing of American jobs. Donahue has even said there are legitimate values in outsourcing and has vowed to fight any attempts to reduce outsourcing. U.S. Chamber of Commerce aims to spend $75M on midterm elections | Washington Examiner ThinkProgress Exclusive: Foreign-Funded ‘U.S.’ Chamber Of Commerce Running Partisan Attack Ads The largest attack campaign against Democrats this fall is being waged by the U.S. Chamber of Commerce, a trade association organized as a 501(c)(6) that can raise and spend unlimited funds without ever disclosing any of its donors. The Chamber has promised to spend an unprecedented $75 million to defeat candidates like Jack Conway, Sen. Barbara Boxer (D-CA), Jerry Brown, Rep. Joe Sestak (D-PA), and Rep. Tom Perriello (D-VA). As of Sept. 15th, the Chamber had aired more than 8,000 ads on behalf of GOP Senate candidates alone, according to a study from the Wesleyan Media Project. The Chambers spending has dwarfed every other issue group and most political party candidate committee spending. A ThinkProgress investigation has found that the Chamber funds its political attack campaign out of its general account, which solicits foreign funding. And while the Chamber will likely assert it has internal controls, foreign money is fungible, permitting the Chamber to run its unprecedented attack campaign. According to legal experts consulted by ThinkProgress, the Chamber is likely skirting longstanding campaign finance law that bans the involvement of foreign corporations in American elections. Maybe now you can figure it out.