Talk of The Villages Florida - View Single Post - Bring Jobs Home Act
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Old 07-19-2012, 08:56 AM
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Default Bring Jobs Home Act

The Bring Jobs Home Act is being opposed by Republicans. Why? It is thought to be useful to unions, that is why. Read the bill summary and tell me if it is a good idea or not and why.

Bring Jobs Home Act - Amends the Internal Revenue Code to:
(1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and
(2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.