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Old 07-19-2012, 10:03 AM
 
Location: San Francisco, CA
15,088 posts, read 13,455,042 times
Reputation: 14266

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Quote:
Originally Posted by AeroGuyDC View Post
Anyone care to look further and explain WHY they voted to block consideration? Just saying the GOP voted to block the bill without detailing why is **** poor journalism, and indicative of liberal gerrymandering in order to make Republicans look bad. At least two liberals on this forum fell for it. How many more will pile on?
For the same reason that they will vote to block everything that comes from the Democrats: any sensible progress that might benefit the American people in any way might also benefit the current Obama administration, and they would rather have nothing happen ever than to risk that occurring.

A secondary reason is that the GOP really has no interest in actually returning those jobs to America. Most of the Democrats don't really either, by the way. They serve the interests of wealthy businesses and corporations, not middle class Americans. And those in charge of those businesses care about maximizing their profits, which they can do by paying Indians as little as possible for their labor.

There you go. You're welcome.

Last edited by ambient; 07-19-2012 at 10:12 AM..
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Old 07-19-2012, 10:07 AM
 
Location: Home, Home on the Front Range
25,826 posts, read 20,710,498 times
Reputation: 14818
Quote:
Originally Posted by Mr. Mon View Post
"gerrymandering" That word does not mean what you think it means.

Also, you could read the actual language of the bill, or at least the synopsis. It's actually pretty good and rewards businesses that repatriate jobs while removing some of the tax rewards for moving operations overseas. What's the objection here?
Couldn't expect the GOP to go along with something like this. It makes too much sense.
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Old 07-19-2012, 10:08 AM
 
Location: Home, Home on the Front Range
25,826 posts, read 20,710,498 times
Reputation: 14818
Quote:
Originally Posted by enemy country View Post
The objection is some of "THEM" may benefit from it.
Pretty much.
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Old 07-19-2012, 10:15 AM
 
Location: Great State of Texas
86,052 posts, read 84,509,263 times
Reputation: 27720
Really..so 20% deduction on the expense of closing down a factory/plant in China and moving it here and hiring Americans is "incentive" for the likes of GE, GM, Intel, IBM, Microsoft, Merck, Monsanto, etc ?

Really ?
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Old 07-19-2012, 10:36 AM
 
27,624 posts, read 21,133,586 times
Reputation: 11095
Quote:
Originally Posted by ambient View Post
For the same reason that they will vote to block everything that comes from the Democrats: any sensible progress that might benefit the American people in any way might also benefit the current Obama administration, and they would rather have nothing happen ever than to risk that occurring.

A secondary reason is that the GOP really has no interest in actually returning those jobs to America. Most of the Democrats don't really either, by the way. They serve the interests of wealthy businesses and corporations, not middle class Americans. And those in charge of those businesses care about maximizing their profits, which they can do by paying Indians as little as possible for their labor.

There you go. You're welcome.
That's it in a nutshell. It's so obvious and I cannot believe that all Americans are not up in arms about this.
Sadly, common sense is a commodity that falls short in this country.
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Old 07-19-2012, 10:43 AM
 
Location: Great State of Texas
86,052 posts, read 84,509,263 times
Reputation: 27720
Quote:
Originally Posted by sickofnyc View Post
That's it in a nutshell. It's so obvious and I cannot believe that all Americans are not up in arms about this.
Sadly, common sense is a commodity that falls short in this country.
Because the bill did not come up for a vote and none of the multi-nationals will even bother with it.

That's why.
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Old 07-19-2012, 10:50 AM
 
27,624 posts, read 21,133,586 times
Reputation: 11095
Quote:
Originally Posted by HappyTexan View Post
Because the bill did not come up for a vote and none of the multi-nationals will even bother with it.

That's why.
During this afternoon’s debate on the Republican bill to repeal the health care reform law, which the U.S. Supreme Court upheld June 28, Democrats offered a measure opening the door for a vote on the Bring Jobs Home Act (H.R.5542). But Republicans blocked the measure by 238-184.


Well, if multi nationals will not bother with it, the part of the bill that takes away their tax credit for screwing Americans is in order.

Last edited by sickofnyc; 07-19-2012 at 11:01 AM..
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Old 07-19-2012, 11:29 AM
 
Location: Va. Beach
6,391 posts, read 5,169,562 times
Reputation: 2283
Quote:
Originally Posted by sickofnyc View Post
Republicans block Bring Jobs Home Act in Congress | The Stand



Bring Jobs Home Act (S. 3364) - GovTrack.us


Would anyone care to explain again how the GOP is planning to help the middle class.
Care to explain why you don't even read what your are posting about?

From your first link,
Quote:
During debate on the Republican bill to repeal the health care reform law, which the U.S. Supreme Court upheld June 28, Democrats offered a measure opening the door for a vote on the Bring Jobs Home Act (H.R.5542). But Republicans blocked the measure by a 238-184 vote.
Did you look up H.R.5542?

Full Text of H.R. 5542: Bring Jobs Home Act - GovTrack.us

I have a friend of mine who has his own business, and his tax attorney took a look at it and his comment was, it's ridiculous and useless.

After reading for myself, I have to agree, it's so convoluted that it appears to accomplish nothing.

Quote:
‘(5) EXPENSES MUST BE PURSUANT TO INSOURCING PLAN- Amounts shall be taken into account under paragraph (1) only to the extent that such amounts are paid or incurred pursuant to a written plan to carry out the relocation described in paragraph (1).


‘(6) OPERATING EXPENSES NOT TAKEN INTO ACCOUNT- Any amount paid or incurred in connection with the on-going operation of a business unit shall not be treated as an amount paid or incurred in connection with the establishment or elimination of such business unit.
You have to have a written plan, and if the expenses are incurred in connection with on-going operation of the business unit, are not included. Really? Would not part of the expenses for the on going business unit, be incurred as a part of the written plan to in-source.
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Old 07-19-2012, 11:48 AM
 
Location: Great State of Texas
86,052 posts, read 84,509,263 times
Reputation: 27720
Quote:
Originally Posted by sickofnyc View Post
During this afternoon’s debate on the Republican bill to repeal the health care reform law, which the U.S. Supreme Court upheld June 28, Democrats offered a measure opening the door for a vote on the Bring Jobs Home Act (H.R.5542). But Republicans blocked the measure by 238-184.


Well, if multi nationals will not bother with it, the part of the bill that takes away their tax credit for screwing Americans is in order.
I agree with taking away the 2 tax breaks that I found go back to at least 2004.
Kerry said he wanted to take it away in 2004 and Congress tried in 2006.

Moving your money between subsidiaries to escape US taxes should not be allowed.
Deferring stating your income until a future date in time to escape US taxes should also not be allowed.

This is not new and for at least 8 years, if not longer, Congress has done NOTHING about it.

That is why I think nothing will come of this and this is just talk coming from DC to rile up emotions.
You don't need any "jobs bill" to make these changes. They should just DO IT.

Now Reid "blocked" a proposal to bring up a vote on extending the Obama tax cuts last week because he said they were focusing on a jobs bill (obviously not this one). There was no uproar over that and that one is more immediate IMHO.
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Old 07-19-2012, 11:54 AM
 
Location: Los Angeles
14,361 posts, read 9,792,731 times
Reputation: 6663
Quote:
Originally Posted by sickofnyc View Post
Republicans block Bring Jobs Home Act in Congress | The Stand



Bring Jobs Home Act (S. 3364) - GovTrack.us


Would anyone care to explain again how the GOP is planning to help the middle class.
Have you actually read the bill, or does the title alone convey what you believe it to be?

Schumer, Durbin and public unions are pushing this bill; suspicion rising.

I can only imagine the riders, backdoor pay outs, and palm greasing they've shoved into it.
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