Last week, House Republicans rolled out their ‘Pledge to America’–a plan that will add nearly $4 trillion to the deficit, give tax cuts to the wealthiest 2 percent of Americans, and repeal patients’ rights for every American. From the party of Wall Street, not Main Street, it wasn’t too surprising that when the agenda was unveiled the GOP failed to include one of the top vote getters on their website–President Obama explains:
The Republicans in Washington claimed to draw their ideas from a website called ‘America Speaking Out.’ It turns out that one of the ideas that’s drawn the most interest on their website is ending tax breaks for companies that ship jobs overseas. Funny thing is, when we recently closed one of the most egregious loopholes for companies creating jobs overseas, Republicans in Congress were almost unanimously opposed. The Republican leader John Boehner attacked us for it, and stood up for outsourcing, instead of American workers.
Senate Republicans followed their House counterparts this afternoon, unanimously voting to block consideration of legislation that would provide incentives to corporations to keep American jobs in the U.S. and end tax loopholes that encourage the off-shoring of American jobs:
Senate Republicans on Tuesday blocked consideration of a Democratic bill that seeks to punish companies that ship jobs overseas.
Senators voted 53-45 to defeat a procedural motion to begin debate on the measure, which would eliminate tax breaks for companies that outsource jobs. Sixty votes were required for the motion to succeed.
Senate Republicans on Tuesday blocked a Democratic plan to encourage companies to bring jobs back from overseas, as a united GOP caucus voted against a motion to debate the measure on the Senate floor.
The legislation would have raised taxes on corporations that shift operations overseas, costing U.S. jobs. It also would have awarded companies that bring jobs back from abroad by offering a two-year hiatus from payroll taxes for those positions.
Senate Republicans successfully blocked a bill from coming to the Senate floor Tuesday that Democrats claim would help keep American jobs from going overseas.
Democrats across the country have already been hammering Republicans for sending jobs overseas…