Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
- 37,439
- 2,290
Too bad you only get Pub bs, functional idiot.
- GOP senators block top Obama jobs initiative -...
- www.cnn.com/2012/07/19/politics/senate-bring-jobs-home...
- Cached
- Jul 18, 2012 · Senate Republicans blocked Obama's jobs ... tax deductions for companies that move jobs ... Bring Jobs Home Act would provide a ...
- Senate Republicans Vote Against American Jobs By ...
www.politicususa.com/2014/07/30/senate-republicans-vote...- Senate Republicans blocked a bill today that would potentially bring millions of jobs back to the United States by refusing to end tax breaks for companies who ...
- Bring Jobs Home Act blocked by Republicans -...
www.examiner.com/article/bring-jobs-home-act-blocked-by...- Bring Jobs Home Act blocked by Republicans. ... Next: A prophetic case for Obama's second term. July 19, ... Company Links . About us; OnTopic ...
- Republicans block Bring Jobs Home Act, protecting...
www.dailykos.com/story/2012/07/19/1111774/-Republicans- Jul 18, 2012 · Republicans block Bring Jobs Home ... If someone is searching for "Barack Obama," is this a ... she passed legislation to pay companies to bring the jobs ...
- GOP senators block Dem ‘insourcing’ bill |...
thehill.com/.../239029-republicans-blocked-the-democrats...- Senate Republicans on Thursday blocked an "insourcing ... jobs overseas.The Bring Jobs Home Act also would have given a tax incentives to companies that bring jobs ...
- Stabenow’s “ Bring Jobs Home Act” Gets Majority...
www.stabenow.senate.gov/?p=press_release&id=804- ... was supported by a majority of Senators today but Senate Republicans blocked the bill with ... for Companies that Bring Jobs ... Bring Jobs Home ...
- Republicans Spread Despair by Blocking Bill to...
www.politicususa.com/2012/07/23/republicans-spread...- ... Republicans blocked a measure to reward companies that ... when Democrats and President Obama sought to ... With Republicans blocking the Bring Jobs Home ...
Okay, so you gave me a laundry list I simply can't research. I will take them one at a time when I have time.
Item 2, no such page exists.
Item 5, Senate blocks tax break bill. From FactCheck.org:
We first addressed this popular theme in 2004, when we reported on a John Kerry campaign ad in which he blamed President George W. Bush for providing tax incentives to companies “outsourcing” jobs overseas. At the time we found that such tax breaks, which do exist, pre-dated the Bush administration and that even Democratic-leaning economists did not support the idea that changing the corporate tax code would end the movement of jobs overseas.
Three years later, in Dec. 2007, we reported on an ad launched by a labor group in support of John Edwards. The ad implied that corporate tax breaks were responsible for the shipment of jobs overseas from an Iowa Maytag plant. We found that the jobs were actually sent to Ohio and that, again, eliminating such tax breaks would not go far in stanching the flow of jobs overseas.
Oil and Gas Company Tax Breaks
Talking Tax Breaks for Offshoring
Posted on October 10, 2012
FULL ANSWER
Do companies get a tax break for shipping U.S. jobs overseas? Several readers asked us that question after it came up during the first debate between President Obama and Mitt Romney.
Obama claimed that “companies that are shipping jobs overseas” get tax breaks, saying that they “can actually take a deduction for moving a plant overseas.” But Mitt Romney said that he had “no idea” what the president was talking about, adding that “the idea that you get a break for shipping jobs overseas is simply not the case.” And both men are right, in a way.
There is no specific tax break for the sole purpose of relocating a U.S. job to another country, as Romney said. But the tax code does allow companies to deduct business expenses when calculating their tax liability. And those expenses can include the costs of moving a job to another state or even to another country, according to tax experts with whom we spoke. The White House confirmed in an email that that is what Obama was referring to in the debate.
“Firms can generally deduct business expenses,” said Kimberly Clausing, the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. “Thus, of course, if firms incurred expenses in moving abroad, they would be able to deduct those expenses.”
“My interpretation is that the President’s statement was accurate,” she said in an email to FactCheck.org
William McBride, chief economist for the pro-business Tax Foundation, agreed with her point about the ability of companies to deduct moving costs as a business expense.
“There are no special tax provisions that provide incentives to move overseas, but, of course, in general, the IRS allows companies to deduct business expenses, one of which is moving expenses, whether within the U.S. or abroad,” he said.
Talking Tax Breaks for Offshoring