Pryor proposes jobs legislation | Arkansas Blog

Friday, July 25, 2014

Pryor proposes jobs legislation

Posted By on Fri, Jul 25, 2014 at 11:15 AM

U.S. Sen. Mark Pryor has proposed legislation to encourage U.S. job creation.

Key elements:

* Ends tax breaks for companies that move overseas. No more deductions for cost of moving personnel and operations.

* A tax credit up to 20  percent of the costs of bringing jobs back to the U.S. This would be on top of an existing deduction.

* A grant program that would give rural states money to make $5,000-per-job forgivable loans to recruit overseas companies.

* Extend tax credits for increased expensing and bonus depreciation to help small and medium-sized companies and farms.

* Require use of made-in America products on public works and taxpayer-funded infrastructure.

* Permanently extend the Build America Bonds program to finance public capital projects, including for levees and flood control

* Create a standardized labeling program for American-made goods.

* Allow a tax-free savings account for small business startups.

* A 25 percent income tax credit for small business investment, particularly in advanced industries, clean energy and transportation infrastructure.

Tags: ,

From the ArkTimes store


Comments (5)

Showing 1-5 of 5

Add a comment

Subscribe to this thread:
Showing 1-5 of 5

Add a comment

More by Max Brantley

  • Death penalty foes object to execution of Jack Greene

    The Arkansas Coalition to Abolish the Death Penalty is urging Gov. Asa Hutchinson not to set an execution date for Jack Greene,  sentenced to die for a 1991 slaying in Johnson County
    • Aug 18, 2017
  • What those Confederate monuments are about: Slavery

    The Democratic Party has likely chosen a political loser in a call for removal of Confederate memorials from public grounds, but it doesn't mean the sentiment is wrong. They are tributes to the fight to preserve slavery, no more or less.
    • Aug 18, 2017
  • Arkansas unemployment rate remains at record low

    The unemployment rate in Arkansas in July was again 3.4 percent, a record low level in place since May. The labor force added more than 9,000 jobs.
    • Aug 18, 2017
  • More »

Readers also liked…

Most Shared

  • Take yourself there: Mavis Staples coming to LR for Central High performance

    Gospel and R&B singer and civil rights activist Mavis Staples, who has been inspiring fans with gospel-inflected freedom songs like "I'll Take You There" and "March Up Freedom's Highway" and the poignant "Oh What a Feeling" will come to Little Rock for the commemoration of the 60th anniversary of the desegregation of Central High.
  • Klan's president

    Everything that Donald Trump does — make that everything that he says — is calculated to thrill his lustiest disciples. But he is discovering that what was brilliant for a politician is a miscalculation for a president, because it deepens the chasm between him and most Americans.
  • On Charlottesville

    Watching the Charlottesville spectacle from halfway across the country, I confess that my first instinct was to raillery. Vanilla ISIS, somebody called this mob of would-be Nazis. A parade of love-deprived nerds marching bravely out of their parents' basements carrying tiki torches from Home Depot.

Most Viewed

Most Recent Comments



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation