posted on Jul, 19 2012 @ 01:30 AM
reply to post by Blackmarketeer
"Bring Jobs Home Act"
sponsored by Sen. Debbie Stabenow (D-Mich.)
I read the bill, in addition I also watched Sen. Debbie Stabenow ,D-mich. present this bill and explain the bill on the Senate floor yesterday on
What you left out op , is that Sen. Debbie Stabenow specifically stated that the tax benefits are for "cretin companies" operating in china and
abroad. . This is a Union agenda as this bill does not apply to all companies that have moved jobs out of the U.S.. The media is also leaving this
very important fact out as well. The plan also entails writing tax new legislation which also must be drafted separately then pass congress and
senate in addition to the Act.
Yet, Sen. Debbie Stabenuow D-Mich did not state which companies these are during her presentation on the Senate floor yesterday. This is just like"
lets pass the bill to see what in it " This is why it was defeated, because it's not fair only to include a select few. There were many of augments
on this Act from both Dems and Rep on why only certain companies.
This bill does not do very much when it applies only to select few companies. At most what you will get from a bill like this if ever passed is call
center jobs, and presto the companies gets a 20 percent tax break. While yet all the manufacturing base remains in china, I.e. the support customers
services center is part of the manufacturing process. there is a lot of loop hole in this. I'm sure there would more for the tax legislation as well.
Again this is why it was defeated. It applies only to cretin companies. These cretin companies would be named by industry in the accompanying tax
legislation , not the Act Bill itself.
edit on 19-7-2012 by SJE98 because: (no reason given)