Anti Outsorceing Bill Blocked

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Washington (CNN) – Senate Republicans successfully blocked a bill from coming to the Senate floor Tuesday that Democrats claim would help keep American jobs from going overseas.

Republicans call it nothing more than a pre-election political ploy.
The Democratic bill would have ended certain tax breaks for companies expanding overseas while giving new tax incentives to businesses bringing jobs home.

Democratic sources tell CNN they knew all along this measure would not make it very far. That was beside the point.

GOP blocks Democrats’ jobs outsourcing bill – CNN Political Ticker - CNN.com Blogs

Why are Republicans against this? Why did Democrats wait until a few days left in their legislative term before the election cycle to even try, surely if it were a priority to them they would have done something when something could get done? It is Obvious that no one cares about ending tax breaks for companies that ship jobs overseas so why do I hear this in campaign rhetoric all the time?
 

Fantine

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I guess we should be glad that so many of the people whose interests Republicans represent (i.e. foreigners!!!!) can't vote.

But, on the other hand, that small but extremely affluent group of Americans whose interests Republicans represent may rally round and buy some TV commercials for them, thanks to a misguided Supreme Court ruling.
 
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Why did Democrats wait until a few days left in their legislative term before the election cycle to even try, surely if it were a priority to them they would have done something when something could get done?

Essentially their excuse would be that senate rules allow republicans all kind of stalling measures. For example, requiring 60 votes for any cloture vote and then mandating 30 hours of "debate" after the bill has already achieved cloture, plus other procedural "holds" and blocking moves which stall weeks from other priorities, and they're finally now able to get around to this. Republicans have been routinely blocking every bill as long as possible and wasting 30 hours of time after every bill passes.

If the democrats had any spine they'd use the nuclear option though, Which would basically be involve saying "The constitution says a majority governs the senate, so we have 51 votes here to ignore everything the republicans say" then they'd give the republicans the middle finger and pass whatever they want with their 51 votes. Republicans could take it to court and we'd see who wins. The problem is the democrats probably don't have 51 votes for that even if harry reid supported it... there are a lot of "democrats" who are basically bought off and would find an excuse not to let that happen. So the senate is now basically where good bills go to die (if this is indeed a good bill, admittedly i haven't researched the details on this particular bill.)
 
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Essentially their excuse would be that senate rules allow republicans all kind of stalling measures. For example, requiring 60 votes for any cloture vote and then mandating 30 hours of "debate" after the bill has already achieved cloture, plus other procedural "holds" and blocking moves which stall weeks from other priorities, and they're finally now able to get around to this. Republicans have been routinely blocking every bill as long as possible and wasting 30 hours of time after every bill passes.

If the democrats had any spine they'd use the nuclear option though, Which would basically be involve saying "The constitution says a majority governs the senate, so we have 51 votes here to ignore everything the republicans say" then they'd give the republicans the middle finger and pass whatever they want with their 51 votes. Republicans could take it to court and we'd see who wins. The problem is the democrats probably don't have 51 votes for that even if harry reid supported it... there are a lot of "democrats" who are basically bought off and would find an excuse not to let that happen. So the senate is now basically where good bills go to die (if this is indeed a good bill, admittedly i haven't researched the details on this particular bill.)

Stall or no bringing the bill up only just before a desperate election means it wasn’t really on their agenda, and all the talk from either Democrats or Republicans on "ending tax breaks for companies that ship jobs overseas" is just political speak comeing from either party at this point.
 
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`Raine

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Because it will add $720 million to the current US deficit, but is mainly a change in tax codes and not something that will bring back manufacturing jobs in any real numbers.

Why did Democrats wait until a few days left in their legislative term before the election cycle to even try, surely if it were a priority to them they would have done something when something could get done?

Because it is just before an election, and they know that voters are blaming them for not having "fixed" the economy already.
 
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Fantine

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It's not only "manufacturing" jobs that are outsourced.

It's technology jobs, engineering jobs, even radiology...

Call center personnel.

Clerical jobs.

We are in crisis, and there is no sense, absolutely none, in rewarding companies for doing the wrong things.

And there is nothing wrong with targeting tax cuts for small businesses who do things that will benefit the economy (e.g. hire Americans.)

Why should tax cuts for small businesses be a blank check--why shouldn't the ones who benefit the US get the bigger tax cuts and the heck with the rest of them?
 
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Maybe we should just send all our jobs overseas; then the government can take care of all of us...that seems to be what the current administration wants anyway.

Think of it---we'll never have to work another day in our lives. On the first of every month, the government will say, "Here's your check for the month---go to the beach." We can lay around and take life easy, Big Brother provides all, and we'll never have to worry about paying the bills or sweating the rent again, and the poor fools overseas will be doing all the sweating and working.

Paradise.
 
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Umaro

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Maybe we should just send all our jobs overseas; then the government can take care of all of us...that seems to be what the current administration wants anyway.

Do you even listen to yourself? The current administration just tried to stop jobs from going overseas...
 
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Do you even listen to yourself? The current administration just tried to stop jobs from going overseas...

Nope, he just ignores the fact that the alternatives are actually the ones blocking these bills. But hey, this bill will hurt business' profit margins and we can't let that happen even if the end result is the average American's income is reduced to that of a sweatshop laborer in East Asia. The United States of Banana Republic is our future right now.
 
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lordbt

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Maybe we should just send all our jobs overseas; then the government can take care of all of us...that seems to be what the current administration wants anyway.

Think of it---we'll never have to work another day in our lives. On the first of every month, the government will say, "Here's your check for the month---go to the beach." We can lay around and take life easy, Big Brother provides all, and we'll never have to worry about paying the bills or sweating the rent again, and the poor fools overseas will be doing all the sweating and working.

Paradise.
Never looked at it that way before. Never have to work again. Spend my days at the beach. No bills. Maybe I have socialism all wrong. You just might make a liberal out of me yet. This individualist crap is for suckers. I will just put my hand out and wait for the state to line it with cash....

Paradise.
 
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It is Obvious that no one cares about ending tax breaks for companies that ship jobs overseas so why do I hear this in campaign rhetoric all the time?
Because it plays well in campaigns. But rest assured, the corporate masters of both parties know this is just smoke blown at us rabble.
 
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There are a couple of things I get from that article, lets see if you agree. First, these loopholes date back to the early 1900's, so the attempt to repeal them one month before an election seems a bit phony. If it hasnt been done over the last 100 years, it5s not going to be done now.

Second, it strikes me as a reason to do the exact opposite; namely, eliminate the corporate tax altogether or reduce it dramatically. According to the article, unrepatriated corporate earnings topped $639 billion in 2002. Thats $639 billion of corporate investment that went to other countries just to avoid paying US taxes. Remove the threat of those taxes and you increase US investment by hundreds of billions of dollars annually.

This strikes me as yet another example of how tax policy only hurts this country. Eliminating the loophole may increase revenue to the government, but will do nothing to increase corporate investment here. In fact, it will only likely lead more industries to abandon this country altogether.
 
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There are a couple of things I get from that article, lets see if you agree. First, these loopholes date back to the early 1900's, so the attempt to repeal them one month before an election seems a bit phony. If it hasnt been done over the last 100 years, it5s not going to be done now.

You could simply read my other posts to see that I think the Democrats made a half hearted attempt to win votes here.

I want to know that if this was a priority why it wasn't done sooner or why Republicans are against it at all.

Second, it strikes me as a reason to do the exact opposite; namely, eliminate the corporate tax altogether or reduce it dramatically. According to the article, unrepatriated corporate earnings topped $639 billion in 2002. Thats $639 billion of corporate investment that went to other countries just to avoid paying US taxes. Remove the threat of those taxes and you increase US investment by hundreds of billions of dollars annually.

I didn't start this thread to debate the corporate tax rate which I believe should be lower, considering the corporate taxes in other countries but not eliminated.

My main concern here is that there should be no tax incentive for companies to invest overseas/keep their profits overseas.

This strikes me as yet another example of how tax policy only hurts this country. Eliminating the loophole may increase revenue to the government, but will do nothing to increase corporate investment here. In fact, it will only likely lead more industries to abandon this country altogether.

I am not so sure that eliminating the loophole will increase abandonment, as the policy now encourages abandonment and sending investment elsewhere.
 
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mpok1519

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What sort of tax break is given to a company for sending jobs overseas?

Easy; ship more business infrastructure overseas from USA, cease having to pay (higher) taxes to UsA, then pay (lower) business related taxes to the oversea country.

Tax breaks!

Hey republicans! Guess what?! Untaxing the rich doesn't create more jobs here. It does overseas however! So if you REALlY care about Asia, vote republican!
 
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You could simply read my other posts to see that I think the Democrats made a half hearted attempt to win votes here.

I want to know that if this was a priority why it wasn't done sooner or why Republicans are against it at all.
Well, yes, I did read your other posts and was largely agreeing with you. I was simply adding that the article you linked to traced these laws back 100 years. That tells me neither party wants them repealed. I would be willing to bet that both parties know that repealing these laws would cause multinational companies to flee this country altogether. Thus losing both jobs and revenue.



I didn't start this thread to debate the corporate tax rate which I believe should be lower, considering the corporate taxes in other countries but not eliminated.

My main concern here is that there should be no tax incentive for companies to invest overseas/keep their profits overseas.
The high US corporate tax rate is that incentive. But it is your thread.
 
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