(Bloomberg) The U.S. Senate advanced a narrow attempt by Democrats to limit tax breaks for companies moving jobs out of the U.S.
On a 93-7 vote, the Senate overcame a procedural hurdle Wednesday on a bill that would deny companies federal tax deductions for the physical cost of moving operations abroad and provide them with a tax credit for moving operations into the U.S. All seven no votes came from Republicans, including Pat Roberts of Kansas and Rand Paul of Kentucky.
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