Above is an example of another dishonest, duplicitous DemoKrat Commie supporting loon...<quoted text>Why do you want more Repubs in office? So they can do this to American workers?
Washington (CNN)-- Senate Republicans on Thursday blocked the No.1 item on the president's congressional "to-do-list," refusing to allow a vote on a bill that would give tax breaks for companies that "insource" jobs to the U.S. from overseas while eliminating tax deductions for companies that move jobs abroad.
The method Republicans have used to block all jobs legislation in the past two years is the same. A jobs bill comes up, it is filled with positive things for the economy, Republicans filibuster debate, this shields them from having to make floor speeches on why they don't want tax breaks for small businesses... etc.
Why? Well, if the economy recovers too strongly before an election, Republicans will lose power. If jobs numbers look too good, people will want to keep the same party. By Republicans blocking all jobs legislation and keeping jobs numbers from improving they believe this is their ticket to power.
The Ministry of Propoganda (CNN and other dishonest media outlets) never tell the whole story.
Here is why Reichtard:
Why won't the GOP allow a vote on a bill that would give tax breaks to companies that in-source jobs & penalize out-sourcers?
Because as written, it's a bad law.(1) It hardly offers enough to compensate businesses for the cost of moving operations back to the US, so that part of the bill would be irrelevant.(2) Instead of giving incentives/subsidies to businesses that still have operation in the US to compensate them for the higher cost of operating domestically, it just hits them with such penalties for outsourcing (which is what the economics dictate) that they couldn't afford it, and would be unable to compete with foreign competition, and would have to close.(3) The net result would simply cause domestic producers (for which domestic operations become cost-prohibitive) to simply close entirely, and move themselves and their capital to other shores and start new companies from scratch -- further devastating the US tax-base.(4) Everyone else still in America would be compelled to pay more for the products.(5) The law does nothing to correct the policies that are causing businesses to outsource in the first place.
Have a nice day, propaganda moron!