Bill denying tax breaks for offshoring moves forward

Bill denying tax breaks for offshoring moves forward-politico: A bill denying companies tax breaks associated with moving jobs overseas advanced Wednesday in the Senate, as Democrats ramped up criticism of companies moving offshore to save on taxes. Somewhat surprisingly, Republicans joined Democrats in a 93-7 procedural vote to push forward a bill offering businesses a 20 percent tax credit for expenses associated with moving operations to the U.S. from abroad while simultaneously scotching deductions tied to moves in the other direction. Republicans had called the bill an election-year gimmick.