“There's not one Republican that should be voting against this,” Sen. Debbie StabenowDebbie StabenowMedicare’s coverage decisions need more input from physicians Members help package meals at Kraft Heinz charity event in DC Senate braces for fallout over Supreme Court fight MORE (D-Mich.), the bill’s sponsor, said on MSNBC this week. “They should be joining every Democrat in voting for this.”
“Relocation of certain business operations can result in greater production in the United States when it results in cost savings that can increase the international competitiveness of U.S.-made goods and services,” the groups wrote.
“In contrast, disallowing a deduction for a legitimate cost of doing business would inject even more uncertainty into business planning, add additional complexity to the tax code and further increase costs for U.S. companies, making them less competitive in the global marketplace.”
Senate Democrats and Republicans have been going back and forth in recent weeks over various tax proposals, as both sides seek to gain an advantage in an election year.
Majority Leader Harry ReidHarry ReidDraft House bill ignites new Yucca Mountain fight Week ahead: House to revive Yucca Mountain fight Warren builds her brand with 2020 down the road MORE (D-Nev.), noting that the proposed GOP amendments for the tax bill included repealing the Democratic healthcare law, said Thursday that it was doubtful Republicans would be able to offer amendments.
For his part, Minority Leader Mitch McConnellMitch McConnellOvernight Finance: Inside Trump's tax plan | White House mulls pulling out of NAFTA | Fight over Dodd-Frank begins Dem rep: Trump's tax plan as believable as 'magic, unicorns or Batman' GOP leaders, top tax writers: Trump principles will be 'critical guideposts' MORE (R-Ky.) said GOP senators would take that under advisement when casting their votes.
Democrats are preparing to vote on a one-year, $272 billion tax plan, likely next week, that would extend Bush-era tax rates on family incomes up to $250,000 a year.
GOP senators are pushing for a vote that would extend all current tax rates.