S.3816 - Creating American Jobs and Ending Offshoring Act

A bill to amend the Internal Revenue Code of 1986 to create American jobs and to prevent the offshoring of such jobs overseas. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to create American jobs and to prevent the offshoring of such jobs overseas. as introduced.
  • Short: Creating American Jobs and Ending Offshoring Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
09/21/10
 
 
 
 
 
 
 

 

Latest Vote

Result: Cloture Motion Rejected - September 28, 2010

Roll call number 242 in the Senate

Question: On the Cloture Motion S. 3816

 

OpenCongress Summary

This bill would give companies a two-year payroll tax holiday, reducing the amount of Social Security taxes they would have to pay, for new employees who replace workers doing similar jobs overseas. It also revokes provisions of the tax code that Democrats say encourage companies to outsource their work force.
OpenCongress bill summaries are written by OpenCongress editors and are entirely independent of Congress and the federal government. For the summary provided by Congress itself, via the Congressional Research Service, see the "Official Summary" below.

Official Summary

Creating American Jobs and Ending Offshoring Act - Amends the Internal Revenue Code to: (1) exempt from employment taxes for a 24-month period employers who hire a employee who replaces another employee who is not a citizen or permanent resident of the United States and who performs similar

Official Summary

Creating American Jobs and Ending Offshoring Act - Amends the Internal Revenue Code to:
(1) exempt from employment taxes for a 24-month period employers who hire a employee who replaces another employee who is not a citizen or permanent resident of the United States and who performs similar duties overseas;
(2) deny any tax deduction, deduction for loss, or tax credit for the cost of an American jobs offshoring transaction (defined as any transaction in which a taxpayer reduces or eliminates the operation of a trade or business in connection with the start-up or expansion of such trade or business outside the United States); and
(3) eliminate the deferral of tax on income of a controlled foreign corporation attributable to property imported into the United States by such corporation or a related person, except for property exported before substantial use in the United States and for agricultural commodities not grown in the United States in commercially marketable quantities.

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Organizations Supporting S.3816

  • AFL-CIO

Organizations Opposing S.3816

  • The National Association of Manufacturers
  • NATIONAL FOREIGN TRADE COUNCIL
  • U.S. Chamber of Commerce
  • TechAmerica


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