Reid files cloture on outsourcing bill

The bill, Creating American Jobs and End Offshoring Act, grants a two-year payroll tax holiday for companies that take on new employees who perform services in the U.S. that were once done abroad. 

It also restricts the use of deferral, which postpones taxes on foreign income until the funds are transferred to the U.S. 

Senate Minority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellOvernight Defense: VA nominee on the ropes | White House signals it will fight for pick | Trump talks Syria with Macron | McConnell tees up Pompeo vote Schumer to oppose Pompeo as secretary of State Trump's nominee for the VA is on the ropes MORE (R-Ky.) questioned the Leader's motive for bringing the bill forward since it adds $1 billion to the deficit.