through 2010 and tax breaks for married couples through 2008. It also would provide a one-year extension of current income exemptions from the alternative minimum tax and extend the expiring research and development tax credit through 2005. [HR 1308, Vote 188, 9/23/04] XXXX Voted Against Requiring U.S. Companies To Invest Foreign Profits In United States. XXXX voted against a 2004 amendment that “would have forced companies to actually invest in the United States any of the foreign profits they bring back into the country during the tax holiday. To encourage companies to reinvest that money in the United States, the Senate bill would give them one year to bring back those profits, which would be taxed at a rate of only 5 percent rather than the standard 35 percent corporate rate.” [Vote 81, 5/5/04; New York Times, 5/6/04] XXXX Opposed Forcing U.S. Companies to Pay Taxes on Domestic Sales of Products Made Abroad. In May 2004, XXXX voted against an amendment “to force U.S. companies to pay taxes on money they earn from domestic sales of products they make abroad.” [Vote 83, 5/5/04; Washington Post, 05/06/04] In 2004, XXXX Voted For Replacement of Export Tax Breaks. In May 2004 XXXX voted for for a bill that revoked an export tax break for U.S. manufacturers ruled an illegal trade subsidy by the WTO. It replaced the export tax break with more than $170 billion in new corporate tax breaks over 10 years. The cost was offset through the repeal of the export subsidy and other revenue-raising provisions. The bill also included $18 billion in energy- related tax breaks. The bill, as amended, blocked the Labor Department from implementing new rules overhauling eligibility standards for overtime pay. [Vote 91, 5/11/04] XXXX Voted Against an $18 Billion Energy Tax Break. In May 2004, XXXX voted for an amendment introduced by John McCain that would have stricken provisions in the bill to provide $18 billion in energy tax breaks. [Vote 89, 5/11/04] XXXX Voted To Add A Corporate Tax Break And Billions In Extra Medicaid Funding To Economic Stimulus Package. In 2002, XXXX voted to add a corporate tax break and billions of dollars in extra Medicaid money for the states to economic stimulus legislation. The tax break would allow large businesses to take an immediate 30 percent deduction on equipment purchased in 2002 and 2003. [HR 622, Vote 10, 1/29/02; AP, 1/29/02; Congressional Quarterly Daily Monitor, 1/29/02] SMALL BUSINESS XXXX Voted Against Small Business Tax Cuts. In July 2012, XXXX voted against a motion to invoke cloture (thus limiting debate) on the bill that would give employers a credit of up to $500,000 to offset 10 percent of the amount they spend to expand their payroll in 2012 compared to 2011. It also would allow businesses to deduct the full cost of equipment purchased this year. The motion was rejected by a vote of 53-44 (D 49-1; R 2-43; I 2-0). [Vote 177, 7/12/12]  XXXX Voted Against Small Business Tax Cuts. In July 2012, XXXX voted against a motion to invoke cloture (thus limiting debate) on the Landrieu, D-La., substitute amendment no. 2521 that would extend certain tax benefits for small businesses, including the elimination of capital gains taxes for certain small business stock, expanded carry-back of credits to recover prior taxes, expanded expensing for certain capital investments and higher deduction allowances for start-up costs. The motion was rejected by a vote of 57-41 (D 50-1; R 5- 40; I 2-0). [Vote 176, 7/12/12]  XXXX Voted Against Small Business Tax Cuts. In July 2012, XXXX voted against a Baucus, D-Mont., motion to table (kill) the Reid, D-Nev., amendment no. 2524, which would strike the text of the bill and replace it with provisions to allow businesses with fewer than 500 employees a 20 percent deduction on their taxable income in 2012. A business would be eligible for the deduction in calendar year 2010 or 2011. If the business was not in existence in those years, then the threshold would be applied in 2012. The amendment would limit the deduction to 50 percent of certain W-2 wages paid by the business. The motion was agreed to by a vote of 73-24 (D 50-0; R 21-24; I 2-0). [Vote 175, 7/12/12] 271