Senate Republicans blocked a final vote Wednesday on a bill aimed at preventing tax breaks for companies that relocate abroad.
The Bring Jobs Home Act, co-authored by U.S. Sen. Debbie Stabenow, D-Mich., was designed to end a tax break that allows companies to deduct moving expenses when they relocate jobs abroad, while maintaining the deduction for those bringing jobs back to the U.S. In addition, the bill would provide a 20 percent tax credit to help companies with the cost of bringing jobs back to America.
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