Will Candidate Romney close this Job Outsourcing "tax deduction" loophole -- on Day One of his planned leadership?
Mitt Romney says there's Billions in Revenue to recover in closing Loopholes like these. He should know.
Funny how Mitt and his fellow Republicans, can never find the gumption to penalize disincentivize the Outsourcing of American Jobs.
Which Country do these political hacks work for anyways?
S. 3364: Bring Jobs Home Act
112th Congress, 2011–2012
A bill to provide an incentive for businesses to bring jobs back to America.
Sponsor: Sen. Debbie Ann Stabenow [D-MI]
Status: Failed Cloture
"Failed Cloture" means once again, the Republicans
they BLOCKED that -- that
they wouldn't even let this Loophole-closing bill
even be Voted on. Just more GOP Obstruction.
I suppose this Loophole hits too close to home, for too many of their Corporate sponsors ...
S.3364
Latest Title: Bring Jobs Home Act
SUMMARY AS OF:
7/9/2012 -- Introduced.
Bring Jobs Home Act - Amends the Internal Revenue Code to:
(1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and
(2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.
Which Tax Loopholes would Mitt Romney close -- if not this one?
Who's "Middle Class" is he really trying to help anyways?
Maybe it's "Middle Class" of China that Mitt Romney really cares about strengthening -- since that's what a large chunk of his Capital is working so hard to do.
For a case in point -- you just have to ask the workers of Sensata, just another Bain take-over target -- ask them what they think about this Job Outsourcing tax deduction loophole, that is helping send their jobs to a foreign land?
Bain closed Sensata for a Day, rather than face the TV Cameras of the Ed Show
by jamess -- Oct 19, 2012
Which Country do these Corporate Raiders work for anyways?
Because more and more -- it doesn't look like us. NOT the U.S. of A.
Because there's a LOT of outsourcing credits to be had, here ... by the time they're finally done ... If Mitt Romney reaches his ultimate CEO goal.