Tax Incentives to Keep Jobs in U.S. Blocked in Senate
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The U.S. Senate failed to advance legislation that would create tax breaks for companies that move foreign-based jobs to the U.S. and penalize those that send jobs offshore.
The 53-45 vote was short of the 60 needed to move the measure forward; four Democrats and independent Joe Lieberman of Connecticut voted with 40 Republicans against allowing formal consideration of the bill. Debate on the measure was tinged by partisan claims ahead of the Nov. 2 elections in which polls show Republicans are poised to gain seats in Congress.