A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Blocked by 42 Republicans (see link below for senate roll call).
This is a bill that would have potentially helped our profession of medical transcription by disallowing tax breaks for such as the big MTSOs on their overseas operations.
They won't even let the teeniest incentive to get jobs back here come to a vote.
I have come to the conclusion Republicans do not want Americans to have decent jobs, they also want to cut any benefits due to them taking away our jobs.
What exactly do they want? What's their plan to for the middle class (in our case, slipping to the lower-middle class and further)?
They are just for corporations and the rich, how else do you explain this?
USNEWS.COM
WASHINGTON (AP) — Republican senators have blocked an election-year bill limiting tax breaks for U.S. companies that move operations overseas.
The bill would have prevented companies from deducting expenses related to moving their operations to a foreign country. The bill also would have offered tax credits to companies that move operations to the U.S.
Democrats championed the bill, saying it would end senseless tax breaks for firms that ship jobs abroad.
Republicans called the bill an election-year stunt. They noted that Democrats tried to pass a similar bill two years ago, right before the last congressional elections.
The White House says President Barack Obama supports the bill.
;The effective tax rate of corporations is much smaller than the actual rate due to write-offs, loopholes, and tax havens. (see link) The fact that Republicans want to lower corporate taxes even further than they already effectively are tells you everything you need to know about the priorities of the GOP: Greedy Old Party.