On 23 July 2014, the U.S. Senate approved, on a 93-7 procedural vote, the Bring Jobs Home Act (S. 2569). The procedural vote results in a restriction on debate of the bill to 30 additional hours, setting up an addition procedural vote on 24 July.
The bill would amend the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (…