As President Barack Obama escalates his contention thatRepublican presidential candidate Mitt Romney supports policiesthat send jobs overseas, Senate Democrats want to advance a measurecreating an incentive to bring jobs to the U.S.
The bill, sponsored by Michigan Democrat Debbie Stabenow, wouldgive U.S. companies a 20 percent tax credit for the cost of movingjobs and investment to this country from overseas. It would denycompanies a deduction for the expense of moving investment out ofthe U.S.
“We are now paying the cost of people who move jobs overseas astaxpayers, and people are appalled when they hear that,” Stabenowtold reporters yesterday. A procedural vote on the measure isscheduled for tomorrow.
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