Tuesday, September 28, 2010

Bill To Tax Firms That Export Jobs Fails In Senate

Bill To Tax Firms That Export Jobs Fails In Senate

WASHINGTON — The Senate on Tuesday blocked tax legislation that would have punished U.S. firms that export jobs. But the political symbolism of trying to save American jobs, not passing a bill, was the Democrats' closing argument on the economy in the waning weeks of the congressional elections.

Republicans complained that the vote used a serious subject – economic recovery – to score points with voters five weeks before the balloting in which all 435 House seats, 37 Senate seats and the Democratic majority are on the line. The bill in question, Republicans said, would make U.S. companies less competitive.

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