In a sense the GOP is encouraging corporations to move.
Senate Republicans block bill to end tax breaks for outsourcing
Currently, U.S. companies can deduct from their corporate taxes some expenses of moving facilities overseas. Democrats said 2.4 million jobs have been outsourced in the past 10 years.
“It is wrong that American workers subsidize a corporate decision to pack up American jobs and ship them overseas,” Walsh said Wednesday. “That’s bologna.”
Republicans argue that if Democrats truly wanted to keep companies in the United States, they would work with Republicans to overhaul the tax code and reduce corporate tax rates.
Senate Majority Leader Harry Reid (D-Nev.) blocked Republicans from offering amendments to the bill, which is why they voted against advancing the bill.
“We Democrats are lined up against outsourcing,” Reid said ahead of the vote. “A vote against this bill is a vote against American jobs.”
The legislation was part of Democrats’ “Fair Shot” campaign ahead of the midterm elections. If Republicans vote against cloture, Democrats will likely use the vote against them in November, saying Republicans support Big Business more than creating middle-class jobs.
Senate Republicans block bill to end tax breaks for outsourcing | TheHill
Now I do agree with the GOP regarding working in a bi-partisan manner to address corporate taxes. We always hear about lower the corporate rate and closing corporate loopholes, which is the ideal scenario. The big question is, will corporations hire a ton of attorneys/accountants to wiggle around the tax loophole reforms/laws like they have done before. Remember when GE had a entire floor of attorneys/accountants when they paid zero in taxes?