Senate Republicans Block Tax Incentives

[brandywinelabs]

Senate Republicans Block Tax Incentives to Move Foreign-Based Jobs to U.S.

Senate Republicans blocked legislation that would create tax breaks for companies that move foreign-based jobs to the U.S. and penalize those that send jobs offshore.

There may be more to this, but...

Unbelievable!

[WaterDogRem]

A 53-45 vote sounds like more than the 40 Republicans.

[dnf777]

Actually, its highly believable. The republican party has always stood for the wealthy CEOs over the workers they employ, and their legislative actions follow suit. Actions like this are why under republican influence, the middle class shrinks, the rich get filthy rich, and more Americans lose sight of the American Dream. I have no problem with getting rich, I wish it would happen to me, but not due to legislation that encourages anti-American business practices.

[duckheads]

Actually, its highly believable. The republican party has always stood for the wealthy CEOs over the workers they employ, and their legislative actions follow suit. Actions like this are why under republican influence, the middle class shrinks, the rich get filthy rich, and more Americans lose sight of the American Dream. I have no problem with getting rich, I wish it would happen to me, but not due to legislation that encourages anti-American business practices.

You call yourself an independant yet you spew the same liberal BS day after day. I guess if you keep telling yourself the same lie over and over you begin to believe it.

How many wealthy CEO's have made out like bandits under your supreme leader?

You wish you were rich. Awwwwwwwwwwwwe poor Jeff! You seem to be buying into the class warfare this administaton is pushing. Being a MD you are probably on the top end of the income scale on POTUS and good for you, but give me a break on the poor me, poor me.

[subroc]

Senate Republicans Block Tax Incentives to Move Foreign-Based Jobs to U.S.

Senate Republicans blocked legislation that would create tax breaks for companies that move foreign-based jobs to the U.S. and penalize those that send jobs offshore.

There may be more to this, but...

Unbelievable!

senate republicans block another governemnt handout

[road kill]

Actually, its highly believable. The republican party has always stood for the wealthy CEOs over the workers they employ, and their legislative actions follow suit. Actions like this are why under republican influence, the middle class shrinks, the rich get filthy rich, and more Americans lose sight of the American Dream. I have no problem with getting rich, I wish it would happen to me, but not due to legislation that encourages anti-American business practices.

RK

[dnf777]

You call yourself an independant yet you spew the same liberal BS day after day. I guess if you keep telling yourself the same lie over and over you begin to believe it.

How many wealthy CEO's have made out like bandits under your supreme leader?

You wish you were rich. Awwwwwwwwwwwwe poor Jeff! You seem to be buying into the class warfare this administaton is pushing. Being a MD you are probably on the top end of the income scale on POTUS and good for you, but give me a break on the poor me, poor me.

Jeff hasn't even posted on this thread yet.
I'm not into class warfare, but I haven't forgotten where I came from, and want to make sure that other kids have the same opportunities that I had, should they choose to work hard and strive to better themselves.

This thread has nothing to do with Obama. It was about the republicans blocking legislation. Good effort to divert, but I'm calling you on it.

As for rich, it depends on your definition. Rich, to me, means you only work because you find it amusing, not because you have to earn a paycheck and pay bills. I'm not talking >250k rich, I'm talking having-to-ask-your-people-how-many-houses-you-own rich.

[YardleyLabs]

.... Awwwwwwwwwwwwe poor Jeff! You seem to be buying into the class warfare this administaton is pushing.....

DNF is Dave. I'm Jeff and haven't contributed to this thread.

I have spent almost my entire life in the groups benefiting most from Republican tax cuts (following my graduation from Swiss boarding school and Ivy League University). I am hardly interested in attacking the wealthy. However, the numbers make it clear that, over time, the only class warfare in the US has been against the middle and lower income groups and they have lost consistently. The US has the greatest gap between rich and poor of any developed nation in the world and the gap has grown consistently over the last 50 years. The destruction of middle and lower class jobs and income earning power is a major factor in our current economic crisis. If we do not find solutions, we will become a backwater economy. I am not at all sure that the proposed bill voted on today would help. I can guarantee, however, that trickle down economics has not left many drops behind for the lower 80% of our families.

[Gerry Clinchy]

In view of the way Congress operates, I wonder what other crap they threw into that legislation to make it unpalatable?

If there wasn't anything else involved, then the Rs are really cutting their noses off to spite their faces. Maybe the Tea Party is right ... throw 'em all out & start over. What we get can't be any worse than what we've already got.

[Buzz]

Were on track to bring those jobs back home...

http://www.businessweek.com/news/201...come-drop.html

Nationally, median household income fell 3 percent in 2009 to $50,221, the second straight annual drop, the Census Bureau said in its 2009 American Community Survey. Income in Michigan fell 6.2 percent to $45,255, while Florida followed with a drop of 5.7 percent, to $44,736, the bureau said in a report on its website.


North Dakota was the only state whose income rose in 2009. The state’s median climbed 5.1 percent to $47,827, for the eighth straight annual gain. Fifteen states and the District of Columbia showed changes that were statistically insignificant, the bureau said.




--Editors: Mark Schoifet, Mark Tannenbaum

To contact the reporter on this story: Alexandra Harris in New York at Aharris48@bloomberg.net

To contact the editor responsible for this story: Mark Tannenbaum mtannen@bloomberg.net