U.S. Senator Debbie Stabenow introduced today legislation that stops rewarding companies that move jobs overseas and instead creates new incentives to bring jobs home. Her legislation would end a tax loophole that currently pays for companies to move jobs overseas, while maintaining the deduction for those bringing jobs home. In addition, it would also provide a 20 percent tax credit to help companies with the cost of bringing jobs back to America. This bill was blocked by a Republican filibuster in 2012 and 2014.
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