House Republicans Block "Bring Jobs Home Act"

The Bring Jobs Home Act blocked after Republican filibuster.

Yesterday a bill was blocked in Congress that would have ended the tax credit for outsourcing jobs (where companies are REWARDED for outsourcing jobs to China and Mexico) and instead would have given a 20% tax credit to companies for bringing jobs BACK to America.

House Republicans today decided it’s more important to repeal the Affordable Health Care Act, which has helped hundreds of millions of U.S. families, than it is to pass legislation to bring back some of the 6 million jobs that have been shipped overseas in the past decade.

During this afternoon’s debate on the Republican bill to repeal the health care reform law, which the U.S. Supreme Court upheld June 28, Democrats offered a measure opening the door for a vote on the Bring Jobs Home Act (H.R.5542). But Republicans blocked the measure by 238-184.

Working families around the country are mobilizing to build support for the bill, which would eliminate tax breaks that allow companies to deduct expenses associated with moving operations overseas and would provide a tax credit to corporations that bring jobs back to the United States.

The Senate is expected to take up its version of the bill (S. 2884) later this month. (source)

Rockefeller: Tax Breaks for Job Outsourcing? "Really Stupid"

July 16, 2012

CHARLESTON, W.Va. - Sen. Jay Rockefeller is co-sponsoring a bill that would reverse tax breaks for companies that ship jobs overseas. The Bring Jobs Home Act would give companies a tax credit for bringing work back to the United States and end loopholes that give them breaks when they relocate workers to other countries, Rockefeller says.

"We now give tax incentives for people who move offshore. That's just about the dumbest thing I've ever heard."

Corporations that go overseas now receive a tax deduction for moving expenses, and they are also allowed to defer taxes on money made by their foreign operations. The Bring Jobs Home Act would change that to a 20 percent tax credit for the cost of bringing the work home.

Republicans in Congress have blocked the bill, calling it a tax increase. Rockefeller says the policy on breaks for companies that send jobs offshore shows a clear difference between the parties... (source)

Good jobs should be as American as apple pie, but U.S. corporations have shipped somesix million American jobs overseas in the past decade. Yesterday in Pittsburgh, more than 200 union members told U.S. Sen. Pat Toomey (R-Pa.) that it’s time to “Bring Jobs Home.”

Hoping to talk to Toomey or his staff to urge support for the Bring Jobs Home Act (S. 2884), the activists from 19 unions and labor groups marched to Toomey’s home office. But even the offering of an All-American, union-made apple pie (courtesy of Food and Commercial Workers Local 23) couldn’t get the group in the door.

Before they were denied access, United Steelworker (USW) Secretary-Treasurer Stan Johnson told a pre-march rally:

"No one working a job in this country today is safe from outsourcing. It’s time to stop corporations from getting tax credits for sending our jobs overseas."

That’s one of the key provisions of the Bring Jobs Home Act, eliminating tax breaks that allow companies to deduct expenses associated with moving operations overseas. It also would provide a tax credit to corporations that bring jobs back to the United States.
(source)

Who defeated it? The Republicans of course, who once again, have allowed their billionaire party owners to dictate a policy that puts their profits ahead of the nation or the middle class.

Reid: Republicans Claim To Care About The Deficit, Then Fight For More Tax Breaks For Millionaires & Corporations That Ship Jobs Overseas

If you own a business in this country, your goal is to make a profit.

There’s nothing wrong with that. Millions of hard-working America entrepreneurs are the backbone of our economy.

And if your company boosts profits by sending jobs overseas, that’s your right as a business owner.

But American taxpayers shouldn’t subsidize your business decision to outsource jobs, especially when there are millions of people in this country looking for work.

The Bring Jobs Home Act would end these disgraceful subsidies for outsourcing. And it would give a 20% tax credit for the costs of moving production back to the United States.

But Republicans are filibustering this common-sense legislation.


You can track the bill here:
S. 3364: Bring Jobs Home Act


It's such a simple question. Do you reward a company with tax breaks for sending jobs overseas, OR do you reward a company with tax breaks for bringing jobs BACK to America? It's unconscionable to vote in favor of outsourcing. I can't oppose a company for deciding to send it's jobs to another nation like China. Maybe for them it makes financial sense. BUT please don't give them my tax dollars as a reward for doing so.

If ANYTHING could reverse the downward spiral the US economy is in, it would be to reverse the incentive to send jobs away. Yet PROFIT trumps common sense in Congress every time.

Sounds like it has the union agenda all over it. I'm not surprised that it was blocked.

When will people realize that it's not republicans vs democrats. It's US vs THEM. The repubs and dems have an arrangement going. One side passes legislation to make themselves look good, knowing the other side will reject it.

The government would do this. You don't have to put a label/party to it.

reply to post by WP4YT


You are correct. It is not Democrat vs Republican, it is, Us vs Them. Not to name names, so as not to send up a flag word to the - == = --- = system that searches for key-words, but the previous three P o THEE u s, all pushed for free trade,

To give a company tax breaks to move out of the country, should be considered........TREASON.

Treason should be either life in prison, or the death penalty.

Maybe if we could get rid of the crooks, and get some REAL PEOPLE in office, this insanse bull bleep would stop.

Change the laws so a Congress member could serve only one term, then go home. Make all Lawyers ineligible for office. Then maybe the gobble-de-gook crazy laws, that no one can understand, would stop.

Unfortunately, the crooks are running the show, so they will never do anything that would hurt them, or actually make sense to the American People.

You are correct. It is US vs Them.

Maybe time to re-study The French Revolution. You know, the one where guillotines were used.

Sometime, the only way to get rid of a cancer, is to remove it all completely.

Originally posted by MsAphrodite
Sounds like it has the union agenda all over it. I'm not surprised that it was blocked.

Union agenda? Unions really aren't that big on shipping jobs overseas simply because it takes money out of their pockets. More like the republican kill the unions agenda here not to mention the campaign donations the politicians get from these companies that ship jobs overseas.

reply to post by MsAphrodite


Are you seriously trying to claim that unions are in favor of outsourcing American jobs? What have you been sniffing? I want some!

Not getting the "it must be a union agenda" attack. Of course the union does have an agenda in this - it's called "bring back our **** jobs". I think that's an agenda every red-blooded American can get behind.

Can anyone explain a rationale for NOT getting behind the "Bring Jobs Home Act"?

The point is that both sides know there is very little chance of getting any legislation to pass. They are going to bring up any legislation that will make their respective party look good knowing it won't pass.

My question for this legislation is why it wasn't addressed in 2008? or was it?

Looks like an election year wedge to use heading into November..

I would be more impressed if Congress would actually pass a budget.. I don't think that is asking too much..

I havent read the bill- but if it is as cut and dry as people are saying, then yes- The republicans just lost MAJOR points with me.

I hate the two party system that has monoploized this country into US vs US.

I dont care about big buisness interests- I care about the peoples interest- and I know for a fact that neither party has our interests at heart.

We must all remember here that it is an election season- and that any and all grandstanding to be "the better party" is usually political theatre.

I have to do more research on this bill- to see what exactly was in it before I can make a more educated opinion on it.

Like I said though- IF it is as cut n dry as they say it is- then this really pisses me off. Everything the govt has been doing lately has been pissing me off. I fail to be suprised anymore by our corrupt and inept showboat of a govt.

Job ousourcing is being enciuraged to create an economy abroad. Jobs go the other way too many German cars out of which some are shipped to Germany, are built in America because americans are happy with less than those socialists.

Originally posted by Common Good
I havent read the bill- but if it is as cut and dry as people are saying, then yes- The republicans just lost MAJOR points with me.

I hate the two party system that has monoploized this country into US vs US.

I dont care about big buisness interests- I care about the peoples interest- and I know for a fact that neither party has our interests at heart.

We must all remember here that it is an election season- and that any and all grandstanding to be "the better party" is usually political theatre.

I have to do more research on this bill- to see what exactly was in it before I can make a more educated opinion on it.

Like I said though- IF it is as cut n dry as they say it is- then this really pisses me off. Everything the govt has been doing lately has been pissing me off. I fail to be suprised anymore by our corrupt and inept showboat of a govt.

I just got through reading it. I'm not sure what grounds they have for rejecting it.

Beats me!

Originally posted by JacKatMtn
Looks like an election year wedge to use heading into November..

I would be more impressed if Congress would actually pass a budget.. I don't think that is asking too much..

Yeah, and pigs fly.

CJ

It's a very short bill, just one page, very easy to read. the text is here:

S. 3364: Bring Jobs Home Act - full text

There is nothing in there that would detract from the stated goal of the bill - to reduce tax breaks for sending jobs overseas, and to install tax breaks for bringing jobs back home (unlike the Highway bill, which was LOADED with crap that had nothing to do with funding the highway system).

It's very cut and dry - the only reason for voting against this bill is that the financial backers of the GOP - namely the Kochs - don't want their gravy train to end.

reply to post by Blackmarketeer


Yep. The writing has been on the wall for many years now. The effects of this mass exodus of jobs is being felt now and will only get worse. These people are just trying to get the last few coins off the corpse before it is buried entirely. I look at it as grave robbing now. We are in the grave and they want that last gold tooth.

CJ

Really surprised about the bill. I though it would be long and full of pork.

Sounds like a straight forward piece of legislation.

This just gave the Democrats the ammunition they needed to show the hypocrisy of the GOP and sway the independent voters over to their side. This will be the nail in the Republican's coffin come November.

reply to post by jam321

I agree - very straightforward:

OFFICIAL SUMMARY The following summary was written by the Congressional Research Service, a nonpartisan arm of the Library of Congress, which serves Congress. GovTrack did not write and has no control over these summaries. 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.

I added the bold and caps.
Here is the source: www.govtrack.us...

reply to post by gwynnhwyfar


Exactly, very succinct summation:

(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.

Instead of tax payers rewarding companies to OUTSOURCE jobs, it will instead reward them to INSOURCE those jobs.

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.

DENY a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States.

Apparently for some members of Congress, this still isn't good enough.