Sunday, July 22, 2012

Offshoring and Repatriating U.S. Jobs

Last week the U.S. Senate voted down this bill by a vote of 56 for and 42 against. It needed 60 votes to pass. Senator’s Kyl and McCain voted with the majority of Republicans to kill it. The substance was to stop allowing companies from taking a business deduction for dismantling and sending a factory overseas and offering instead a 20% tax credit for expenses associated with bringing jobs back. I am asking the editor to request why our Senators voted as they did and why the Republicans couldn’t see the potential good from a bill like this. Corporations will be allowed to continue reducing their costs of outsourcing. What other country on earth does so little to protect jobs for their citizens. The Republicans were given overwhelming majority in the House in 2010. Nothing positive to create jobs has been accomplished in two years. Confusing isn’t it. Jack B. Walters July 22, 2012

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