What: All Issues : Labor Rights : Outsourcing of American Jobs Overseas : A vote on passage of a Democratic amendment to S. 1637 (the JOBS Act) that would strike from the bill special tax deductions granted to U.S. corporations operating overseas, and allow a tax credit for manufacturing wages generated in the United States. (2004 senate Roll Call 82)
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A vote on passage of a Democratic amendment to S. 1637 (the JOBS Act) that would strike from the bill special tax deductions granted to U.S. corporations operating overseas, and allow a tax credit for manufacturing wages generated in the United States.
senate Roll Call 82     May 05, 2004
Progressive Position:
Yea
Progressive Result:
Loss

Sen. Bob Graham (D-Fla.) offered an amendment to S. 1637, dubbed by Republicans as the JOBS Act. Graham's amendment would strike from the bill special tax deductions granted to U.S. corporations operating overseas, and allow a tax credit for manufacturing wages generated in the United States. Progressives touted Graham's as the more reasoned approach than the underlying JOBS bill, given that it specifically targets its tax breaks for producers of U.S. jobs. Firms will get a bigger tax break to the extent they employ more U.S. workers, progressives reasoned. "Since U.S. jobs are the goal of this legislation -- U.S. JOBS is the title of this legislation - our approach should be adopted," Graham argued. "The working men and women of America will appreciate this action by the Senate," he added. His amendment failed resoundingly, rejected 22-77 by the full Senate, with 22 Democrats crossing the aisle to join a united Republican party in defeating it. JOSHUA: THESE FIGURES ARE CORRECT. Conservatives attacked Graham's proposal, saying it would strike all of the carefully-crafted international provisions that are in the bill, "international provisions to which we try to bring a more rational approach to the taxation of American business in international trade," Sen. Charles Grassley (R-Iowa) said. He added, "His amendment strikes over 60 percent of the bill."

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