Senate Republicans successfully blocked a bill from coming to the Senate floor Tuesday that Democrats claim would help keep American jobs from going overseas.
Republicans call it nothing more than a pre-election political ploy.
The Democratic bill would have ended certain tax breaks for companies expanding overseas while giving new tax incentives to businesses bringing jobs home.
Democratic sources tell CNN they knew all along this measure would not make it very far. That was beside the point.
The point, Democratic strategists candidly admit, was to use the last few days of the congressional session before the election to try to highlight one of the few jobs-related issues Democrats feel they may be able to use against Republicans: outsourcing.
"Four democrats, including Senate Finance Committee Chairman Max Baucus of Montana, joined Republicans and Connecticut independent Joe Lieberman in blocking the bill. "
I WONDER...... Why would the Senate Finance Committee Chair vote AGAINST it... hrmmmmmmmmmmmm Op.. Any Ideas?
Answer by grlygrlz2 at 7:22 PM on Feb. 2, 2011
"U.S. Chamber of Commerce and the National Association of Manufacturers opposed the bill, saying it wouldn’t make American companies more competitive or stimulate economic growth"
Answer by grlygrlz2 at 7:23 PM on Feb. 2, 2011
Ohhhhhhhhhhhhhhh, here we go~ Republicans and Business Groups argue that corporate and other tax rates should be cut to encourage competitiveness.
Answer by grlygrlz2 at 7:25 PM on Feb. 2, 2011
Answer by NotPanicking at 7:26 PM on Feb. 2, 2011
I wonder what Obama's Appointed leader of his new "Council of Jobs and Competitiveness" thinks of this bill... Ya know Jeffery Immelt... CEO of GE.... Isn't it GE that has become on of our countries top outsourcers of jobs to places like..... CHINA? Ohhhh yup...
Answer by grlygrlz2 at 7:28 PM on Feb. 2, 2011
Answer by grlygrlz2 at 7:29 PM on Feb. 2, 2011
LOL...grly. That was....
Answer by LoriKeet at 7:57 PM on Feb. 2, 2011