Bob,
Thanks for posting details of the bill. It does look like a very minor bill, but with the logjam in Congress these days I would settle for anything.
I have a suspicion the Republicans will filibuster it. The House R's already shut down their version of it - H.R.5542.

That is what this says too: http://www.tax26.com/posts/view/13606/

Everything related to Congress is political... thanks for stating the obvious...

Some things actually do something, John. This isn't one of those. Worth noting since Baldwin is suggesting otherwise.

The Tax Foundation has received funding from ExxonMobil and from conservative political groups such as the Koch Family Foundations, the Earhart Foundation,[20] and Citizens for a Sound Economy.

Bob - S. 3364: Bring Jobs Home Act Ms. STABENOW of MI. This bill has already been rejected once, and my sources indicate that it will be taken up again today. Of course, it will be rejected again. It is only given a 28% chance of passing - PERIOD - so I suspect we will spend the next 5-days or so debating - on the PATCH - something that really will never reach passage under a Republican controlled congress.

It is important to clarify, if nothing else, that this is not a Baldwin bill; she is simply rising up in support of it.

Your (1) & (2) points are clearly spot on. Point (2) is the problematic one for me.

SUMMARY: Why would a business, that can currently get 100% of all their outsourcing expenses credited annually, change to insourcing, where they can only get 20% of their total insourcing expenses credited annually?

From a strictly $$$ point of view, that is strange.

I suspect, because of politics, an election year, and the fact that congress is a group of kindergarten children, that this is an attempt to highlight an issue.

A journey of a thousand miles begins with a single step...

It wasn't a question, it's pretty much impossible to interpret it as anything but a one time credit unrelated to the continued operation of a facility here or overseas and the negative is that it's being spun as something of great import as it relates to jobs in WI, when it really isn't that at all. It's unlikely to help, unless by help you mean make Tammy Baldwin look like she's doing something important for businesses in WI by supporting it and overstating its importance.

Tell us all, Oh Great Source of All Wisdom, what specific "trade deals that we already have on the books" would those be...

Great minds think alike. Many of our laws are a result of "Free" Trade Agreements. When the POTUS signs on to these agreements, coincidentally signed by democrat presidents, then our laws have to be changed to follow the trade agreement.

@John Wilson -

Have you ever heard of something called the 'Google'? If you're able to navigate your web browser to their site, found at http://www.google.com, once there, you can perform a search for whatever kind of information one is seeking. The Google will then provide you with a seemingly endless amount of links that will take you to sites containing the searched for information. It's really something - it's part of this larger global inter-networking of computers known as the internet, which Al Gore claims to have invented.

In this specific case, I would suggest trying 'US fails to enforce trade agreements' as a search term.

Have fun reading up about this very real problem!

Cheerio!

JRH - Having worked for the "Google" from '03 - 07 as a Software Programmer, that is really great to know... THX!

Luke - Tammy is probably going to use the Walker Plan and make this a Right To Work For Less State...

1) Eliminate all taxes on businesses

2) Eliminate all state labor laws

3) Eliminate all regulations on businesses

Once completed, we will have the ideal Republican Utopian State: we will be just like Korea...

Actually, NOTHING MEANINGFUL is going to pass through the 112th congress, until after the election… and then, it will be the largest food fight America has ever seen!

She's going to work very hard to ease up on the environmental regulations so that business can actually stay or move into Wisconsin ;-} Not be run out of business by the money sucking environmental laws and groups.

@John Wilson

Given Tammy's political bent, I doubt you have anything of those things to look forward to.

However, concerning Korea, how has their economic condition improved over the past 20 years? Have they started making anything yet? I bet they only produce a fraction of the electronics and automobiles that Wisconsin produces. Please fill me in on this issue you brought up. (LOL!)

Sorry Luke. Most times it's due to lower wages. Understandable considering the wage differentials. But the problem is then why do a select few make so damned much money off of these job loses like Romney has?

Wonder why so many people are on food stamps? The answer is not Barak Obama. Romney is the problem, not the solution. He is a taker, not a maker.

What there is to like about about this election is we will get the issue of income inequality out into the political dialogue, something the mainstream media has smothered for years.

@Keith,

Obama has made his career off of job losses, and more losses resulted. Government got propped up with stimulus when ALL the money should have gone to infrastructure. Now we have almost the worst infrastructure on the Western world and we still have to pay to have it updated. The workers got passed over by Obama, and now their taxes are needed to pay for what should have been done in the first place.

As for taxes, you should keep in mind that you are speaking to an Independent. My favored tax scheme is one in which those who are not self-employed and make over 250k get their marginal taxes increased to 39%. What that accomplishes is the appearance of fairness to those who are stupid enough to think the present taxation laws are not fair. Then, when there is an economic slowdown, Washington can reduce their taxes to stimulate the economy, when needed. That way, Dems get to feel like they are in control and appear to be making things fair to those who would be stupid enough vote for them, while all along the Republicans would be proved right time and again when the rich stop saving and start cashing in their equity, exposing themselves to the capital gains taxes, and start spending like they would have otherwise.

John - My comment was sarcastic.

Awesome. It's hard to tell at times.