Bills close tax loopholes, provide tax credits to small businesses

Last week, we scored three major and long overdue victories for American workers. First, we closed the tax loophole that encourages corporations to ship jobs overseas. Second, we made investments in job creation by extending successful tax credits that support small business, research and development, biofuels, and workforce development. And third, we passed the America COMPETES Act that provides a big boost to the next generation of American manufacturing and agriculture. We also protected payments to doctors who participate in Medicare and veteran health care programs.

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