Friday, July 20, 2012
Thursday, July 19, 2012
I really shouldn't be surprised when the party of greedheads behave like the greedhead bastards that they really are, but I did sort of think that they'd be a little more subtle about it during the election season. Yet, the senate republicans actually came right out and filibustered the "Bring Jobs Home" act:
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.It would be somewhat amusing to keep a scorecard of how many of these same republican senators campaign on the issue of "jobs", and blame Sober Panda Time for the weak employment numbers. In fact, I'm ready to give a (very small and worthless) prize for the first time McConnell or one of his cohorts says "Jobs, jobs, jobs" during a campaign speech. Because you know they will.
With job creation the top issue this campaign season, and outsourcing being blamed as a big contributor to the high unemployment rate, Democrats saw the bill as an election-year winner. Sponsored by Sen. Debbie Stabenow, D-Michigan, who is running for reelection, the bill made it to the top of the "to-do list" for Congress President Barack Obama unveiled earlier this year.
The Bring Jobs Home Act would provide a 20% tax break for the costs of moving jobs back to the United States and would rescind business expense deductions available to companies that are associated with the cost of moving operations overseas.