Jobs, Jobs, Jobs! Republicans lave looked for them between women’s legs. They have looked for them in Obama’s birth certificate. They have looked for them everywhere that will create no jobs. They parrot the need to protect the job creators, but we are the job creators, and they have done nothing to protect us. Their policies have created millions of jobs, but they created what used to be our jobs in China and other cheap labor markets. They could help bring jobs home, but they will not.
After the Senate fails again to advance the Disclose Act on Tuesday afternoon, it will immediately consider legislation that would discourage U.S. companies from hiring overseas, and encourage them to hire domestically.
The Bring Jobs Home Act, S. 3364, is sponsored by Sen. Debbie Stabenow (D-Mich.), who said her bill is needed to stop giving tax breaks to companies that move jobs overseas.
"It’s time to stop rewarding companies that send jobs to other countries and instead support businesses creating jobs here at home," she said earlier this year when the first version of her bill was introduced.
Under current law, companies can deduct the cost of moving people and equipment overseas from their tax bill. Stabenow’s bill would eliminate that deduction, and create a new 20 percent tax credit for all costs associated with moving overseas jobs back into the United States… [emphasis added]
Inserted from <The Hill>
Graphic credit MNM
It’s very simple and straightforward. Ed Shultz and Debbie Stabenow (D-MI) explained the Bill.
There are only two reasons for Republicans to oppose this bill. First, as long as Obama is President, they want Americans to be jobless. Second, Republicans want to keep the poor and middle classes paying the cost of outsourcing to make the 1% richer. It’s part of how trickle down gushes up.