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Dem ‘Protectionism’ Bill Fails In Senate

From a dejected Washington Post:

Anti-outsourcing bill fails in Senate

By Lori Montgomery
Wednesday, September 29, 2010; A17

The latest jobs bill from Senate Democrats – a plan to punish firms that ship jobs overseas – failed to clear a key procedural hurdle Tuesday after some Democrats complained that the measure would hamper the ability of U.S. companies to compete in foreign markets.

Four Democrats and Sen. Joseph I. Lieberman (I-Conn.) voted with a united Republican caucus to block the bill, which was crafted to address the 9.6 percent unemployment rate in the run-up to November’s midterm elections. On a vote of 53 to 45, the measure failed to garner the 60 votes needed to overcome a GOP filibuster.

Senate Majority Leader Harry M. Reid (D-Nev.) defended the bill as a "simple, common-sense" effort to "keep American jobs here in America" and to "stop forcing taxpayers in Nevada and across the nation to pay for giveaways that reward companies for sending American jobs overseas."

What does more to drive jobs overseas than high taxes and onerous government regulations? What could be more common sensical than to address those problems first?

And didn’t the Democrats learn anything from the Great Depression?

The bill under consideration Tuesday would have ended tax deductions for expenses incurred when companies shutter U.S. operations and shift the work abroad; imposed a new tax on products once made in the United States but now manufactured by foreign workers; and offered employers a two-year payroll tax holiday on jobs repatriated from overseas.

Funny how even the Democrats see the benefits of ‘tax holidays’ when it suits their purposes. (Which is seldom.)

The payroll tax break would have let employers keep about $1 billion over the next decade, according to the nonpartisan Joint Committee on Taxation, while the tax increases would have taken back about $300 billion over the same period

It’s always so kind when the government lets employers keep their money. Of course they are taking 300 times more from other employers.

This article was posted by Steve on Wednesday, September 29th, 2010. Comments are currently closed.

3 Responses to “Dem ‘Protectionism’ Bill Fails In Senate”

  1. Liberals Demise says:

    Whatever the party of Jackasses want……do the exact opposite and you’ll have the formula to get things right. But I don’t see that happening until we purge the system of career politicos.

  2. oldpuppydixie says:

    Which democrats voted against it? Could they be facing uphill election fights?

  3. JohnMG says:

    …..”The payroll tax break would have let employers keep about $1 billion over the next decade……”

    What’s this??!! The Democrats suggesting we give tax breaks to the wealthy corporations??


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