U.S. Congress - H.R.5542 Bring Jobs Home Act
H.R.5542 - Bring Jobs Home Act
To amend the Internal Revenue Code of 1986 to encourage domestic insourcing and discourage foreign outsourcing. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to encourage domestic insourcing and discourage foreign outsourcing. as introduced.
- Short: Bring Jobs Home Act as introduced.
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Official Summary
5/8/2012--Introduced.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 taOfficial Summary
5/8/2012--Introduced.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.
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Latest Letters to Congress
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H.R.5542 Bring Jobs Home Act
CVilleBerg
October 20, 2012
I am writing as your constituent in the 3rd Congressional district of Ohio. I support H.R.5542 - Bring Jobs Home Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
86% of users on OpenCongress.org, a free, non-partisan resource, support H.R.5542.
Sincerely,
Chris Petree -
H.R.5542 Bring Jobs Home Act
thayes45
July 16, 2012
I am writing as your constituent in the 2nd Congressional district of Massachusetts. I am writing as your constituent in the 2nd Congressional district of Massachusetts. I oppose H.R.5542 - Bring Jobs Home Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
This Bill lacks any real teeth or incentive. The 20% return that a company would recieve will be far outwieghed by the increased cost in wages and the cost of i... -
H.R.5542 Bring Jobs Home Act
Timothy240
July 09, 2012
I am writing as your constituent in the 13th Congressional district of North Carolina. I support H.R.5542 - Bring Jobs Home Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.
I know the most recent action for this bill is as follows: "Referred to the House Committee on Ways and Means." on May 08, 2012
As noted by Miriam Ramirez on July 08, 2012, "By supporting the Bring Jobs Home Act (S. 2884), and its companion ...
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