edthecynic
Censored for Cynicism
- Oct 20, 2008
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The GOP have blocked all attempts to remove the loophole that allows businesses to deduct "moving expenses" when relocating even when moving out of the country. The Dems want to limit the deduction to moving only within the US and the GOP say NO.Helped move millions of jobs to China
That's awful! How'd they do it? Any specifics?
Obama offered this in 2012, but the GOP shot it down, of course:
- Reward American Jobs, Eliminate Tax Incentives To Ship Jobs Overseas: Congress needs to attract and keep good jobs in the United States by passing legislation that gives companies a new 20 percent tax credit for the cost of moving their operations back to the U.S. and pay for it by eliminating tax incentives that allow companies to deduct the costs of moving their business abroad."
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