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(Image from article: "Obama: End tax breaks to stop overseas hiring")

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Obama: End tax breaks to stop overseas hiring

End tax breaks that reward some U.S. companies with overseas subsidiaries and encourage those businesses to create jobs in other countries, President Barack Obama is telling Congress.

Bill To Tax Firms That Export Jobs Fails In Senate

The Senate on Tuesday blocked tax legislation that would have punished U.S. firms that export jobs. But the political symbolism of trying to save American jobs, not passing a bill, was the Democrats' closing argument on the economy in the waning weeks of the congressional elections.

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