Republicans are for outsourcing jobs overseas, against helping companies that create jobs here

by Ben Hoffman

WASHINGTON — The Senate on Tuesday blocked tax legislation that would have punished U.S. firms that export jobs. But the political symbolism of trying to save American jobs, not passing a bill, was the Democrats’ closing argument on the economy in the waning weeks of the congressional elections.

[…]

The bill at issue in the Senate would exempt companies that import jobs from paying the 6.2% Social Security payroll tax for new U.S. employees who replace overseas workers who had been doing similar work.

The two-year exemption would be available for workers hired over the next three years. The tax cut — estimated to cost about $1 billion — would be partially offset by tax increases on companies that move jobs overseas.

The bill would prohibit firms from taking deductions for business expenses associated with expanding operations in other countries. It would increase taxes on U.S. companies that close domestic operations and expand foreign ones to import products to the U.S.

Read more…

Vote for America. Vote Democrat.

Advertisements

10 Comments to “Republicans are for outsourcing jobs overseas, against helping companies that create jobs here”

  1. Weren’t there four Dems and and Indie voting no as well?

  2. Great for them for voting to help our multinational companies. Back to the drawing board libs.

  3. You know any people who work for Colgate? Energizer Batteries? Boeing? Caterpillar? Reebok? PepsoCo? Procter & Gamble? Motorola? Ford? GM, GE???

    These companies “don’t do our country any good?” Really? You want to stand by that?

    • They don’t do our country any good when they ship our jobs overseas with the blessings of our tax system that gives them a bonus when they do that.

      • They don’t do our country any good when they ship our jobs overseas with the blessings of our tax system that gives them a bonus when they do that.

        Then pass a bill that makes employing people in America as cheap as employing them in the rest of the world.

  4. they employ thousands of people silly! You have no idea what you’re talking about.

  5. They also left town without dealing with the Tax Increases coming on 1/1/11. They were too chicken. So they split town to save their own asses rather than tell you, your employer, or any potential employers if they were going to get hit with the largest Tax Increase in American History (for real).
    They left town without the House passing a budget for the first time since 1974. The 4th time the Senate has done it since 1974.
    The President repeatedly says he want to raise taxes on the rich as a class warfare tactic, but in all these months has he actually proposed an actual bill for it?
    And who is to blame for the President not proposing and the Democrats not disposing of this part of the agenda, The Republicans. 🙂

    The Minority party is at fault for the President not even sending a bill containing his Tax proposals to the House and the House not willing to come up with the bill and vote on it.

    It’s all those damn Republicans fault! 😦

    HUH??

    Now that’s a “transparent” “drain the swamp” “most ethical congress” “responsible”, “post-partisan” government isn’t it?
    And it only cost you $4 Trillion Dollars. What a Bargain!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: