Insourcing-Outsourcing Tax Measure Falls In Senate Amid Debate Over Amendments

Legislation (S. 2569) that would give companies a tax incentive to relocate jobs to the U.S.—and a penalty for moving them elsewhere—stumbled on a procedural vote in the Senate.

The Bring Jobs Home Act, sponsored by Sen. John Walsh (D-Mont.), failed July 30 to gain the 60 votes needed to end debate and move to a vote, failing on a 54-42 vote.

The measure would offer a 20 percent tax credit to companies that relocate jobs to the U.S., while denying deductions to companies that move jobs away from the U.S. It mimics a bill sponsored by Sen. Debbie Stabenow ...