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1. Companies have to have more US employees than they had when they were operating offshore
2. They cannot take the credit against their US income taxes. The Treasury will set up a mirror tax system and pay them separately on an annual basis.
President Clinton believes PNTR will help steer the communist nation towards democracy. For the United States, freer trade with China means U.S. farmers and manufacturers can make money by selling products to billions of potential customers.
Well I do not agree with Clinton either, and he is just another in a long line of traitors that have sold this nation out for his bankster buddies.
It is not a Democrat or Republican issue in my mind, but an issue of the same policies from "both sides" of the same coin, helping their cronies out at this nations expense.
Republicans were considering supporting the insourcing bill until Senate Majority Leader Harry Reid (D-Nev.) said he wouldn't include any GOP amendments.
Once again Dirty Harry went out of his way to avoid any kind of bipartisianship. He is without a doubt the worst leader the senate has had.
Once again Dirty Harry went out of his way to avoid any kind of bipartisianship. He is without a doubt the worst leader the senate has had.
According to CNN:
"Senate Minority Leader Mitch McConnell, R-Kentucky, had warned Democrats before the vote that his party would want to amend the bill -- possibly with hot-button issues like repealing the health care reform law or extending the Bush-era tax cuts for all income levels.
Senate Majority Leader Harry Reid, D-Nevada, responded that those amendments were not germane to the bill and he would not allow votes on them."
But Senate Republicans refused to allow a vote on the bill, not Harry Reid.
And the amendments were? What was wrong with the bill the way it was?
The GOP thugs earmarked on repealing the ACA
The bill would eliminate tax deductions that companies may take when moving workers and equipment overseas, but establish a new 20 percent tax deduction for companies that do the reverse.
You read the right GOP thugs, the democratic plan was to slash corporate taxes by 20%. I though that's what they are always complaining about?
Republicans objected to the bill in part because Senate Majority Leader Harry M. Reid (D-Nev.) blocked GOP amendments to the bill, including a proposal to repeal the 2010 health-care reform act.
So they were going to put something in that no democrat would vote for.
I ask again, what was wrong with what the bill was to begin with.
Look, I don't like democrats, but republicans flock is dumb for not seeing the gops hypocrisy on this one.
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