The vote was 73-24 on the amendment to the Small Business Jobs and Tax Relief Act (S.2237), which is the Senate version of legislation authored by House Majority Leader Eric CantorEric CantorA path forward on infrastructure Democrats step up calls that Russian hack was act of war Paul replaces Cruz as GOP agitator MORE (R-Va.), H.R. 9.
Ahead of the vote, Sen. Max BaucusMax BaucusGOP hasn’t reached out to centrist Dem senators Five reasons why Tillerson is likely to get through Business groups express support for Branstad nomination MORE (D-Mont.) called on his chamber to table the amendment.
"This Cantor bill is a gross giveaway," Baucus said ahead of the vote. "It gives businesses for simply earning income. They don't have to do anything. Just earning income and get a 20 percent deduction. It allows businesses to avoid paying tax on about a fifth of their profits so long as they employee 500 people. That's virtually 99 percent of all American companies."
Baucus repeatedly called the amendment a "giveaway."
"Rather than creating jobs or investing in business, the Cantor bill incentivizes the opposite," Baucus said.