"Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S. companies that move operations overseas.
The bill would have prohibited companies from deducting expenses related to moving their operations to a foreign country. It also would have offered tax credits to companies that move operations to the U.S. from a foreign country.
The Senate voted 54-42 to end debate on the bill, six short of the 60 votes needed to advance it. The White House says President Barack Obama supports the legislation."*...
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