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(Republicans) allow Tax Breaks To Companies Who Abandon America 8/4/14

  • Uploaded 7 years ago in the category News and Politics

    Published on Aug 4, 2014

    PROVIDED BY CNNNEXT.COM

    "Republican senators blocked an election-year bill Wednesday to limit tax breaks for

    ...

    Published on Aug 4, 2014

    PROVIDED BY CNNNEXT.COM

    "Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S.

    companies that move operations overseas.



    The bill would have prohibited companies from deducting expenses related to moving their operations to a foreign country.

    It also would have offered tax credits to companies that move operations to the U.S.

    from a foreign country.



    The Senate voted 54-42 to end debate on the bill, six short of the 60 votes needed to advance it.

    The White House says President Barack Obama supports the legislation."* The Young Turks host Cenk Uygur breaks it down.

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