Senate to Continue Consideration of Offshoring Bill on September 27
On September 24, 2010, the Senate began consideration of a motion to proceed to consideration of S. 3816, the Creating American Jobs and Ending Offshoring Act, to amend the Internal Revenue Code of 1986 to create American jobs and to…
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prevent the offshoring of such jobs overseas. S. 3816 would establish a payroll tax holiday for employers moving jobs to the U.S. from overseas and create certain disincentives to moving U.S. jobs overseas. The Senate is scheduled to resume consideration of the motion on September 27, 2010. A Chamber of Commerce letter to the Senate opposing S. 3816 is available here.