Senate Defeats Effort to Add Corporate Tax Break to Stimulus

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February 4, 2009 4:34 a.m.
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A glimmer of hope for something other than business-as-usual legislating emerged in the Senate last night. The proposed “repatriation” tax break, a major gift for multinational corporations with questionable stimulative value, was defeated on a 42-55 vote.

Seven Republicans, including some of the most conservative senators, joined the majority of Democrats to beat back the repatriation proposal — which would have largely benefited a handful of corporations that are among the biggest job-outsourcers in the nation. A tip of the cap to those 55 senators.

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