July 20, 2012 /

GOP Blocks Lowering Taxes On American Companies And Insourcing

What does the GOP have against lowering taxes and bringing jobs back to America? Senate Republicans on Thursday blocked the No.1 item on the president’s congressional “to-do-list,” refusing to allow a vote on a bill that would give tax breaks for companies that “insource” jobs to the U.S. from overseas while eliminating tax deductions for […]

What does the GOP have against lowering taxes and bringing jobs back to America?

Senate Republicans on Thursday blocked the No.1 item on the president’s congressional “to-do-list,” refusing to allow a vote on a bill that would give tax breaks for companies that “insource” jobs to the U.S. from overseas while eliminating tax deductions for companies that move jobs abroad.

In voting against the bill, Republicans raised both substantive and procedural problems with the measure.

The bill fell four votes short of the 60 needed to bring it to debate, with 42 voting against it. Four GOP senators — Scott Brown of Massachusetts, Susan Collins and Olympia Snowe of Maine and Dean Heller of Nevada — voted in favor of the bill.

Here we have something that would have helped out the job market, made America more appealing to employers and reduce taxes, yet the Republicans blocked it. I asked why, but we know why. The answer came last year from the mouth of the Senate Republican leader, Mitch McConnell, when he said that if the economy improves it hurts their chances at elections. In other word, screw you and your family and America overall; all the Republicans want is power.

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