XXXX Voted to Keep Tax Breaks that Export Jobs Overseas. In May 2004, XXXX voted against an amendment that would strike $39 billion in tax breaks on overseas income from the bill. The amendment would provide for an immediate 9 percent tax deduction for domestic manufacturers. [Vote 90, 5/11/04] XXXX Voted Against a Manufacturing Jobs Tax Credit. In May 2004, XXXX voted against an amendment that would strike from the underlying bill all international tax provisions and the tax deduction provisions related to income attributable to U.S. production activities. It would replace them with a new tax credit equal to 1.66 percent of the wages an employer paid to each employee in manufacturing up to $35,000 per employee. [Vote 82, 5/5/04] XXXX Voted Against Rolling Back Bush Tax Cuts To Pay For Small Business Initiatives. In 2004, Senator XXXX voted against a proposal to create a reserve fund to allow up to $24 billion in additional funding for employment initiatives, including tax credits for companies that create manufacturing jobs and small businesses that provide health care. This spending will be offset by rolling back millionaire tax cuts. [Vote 41, 3/11/04; CQ, 3/11/04] XXXX Voted To Reduce Taxes on US Companies’ Oversees Income From 35% to 5.25%. XXXX voted for an amendment that would lower the tax on U.S. companies’ overseas income in 2003 from 35 percent to 5.25 percent, provided that the company uses the difference to provide more jobs. The San Francisco Chronicle reported that “California high-tech companies” supported the Ensign amendment “as a win-win way to boost U.S. investment while increasing revenue to the Treasury, because such earnings are often held overseas indefinitely to avoid the tax.” [Vote 165, 5/15/03; San Francisco Chronicle, 5/16/03] RESEARCH AND DEVELOPMENT XXXX Voted For Making Permanent A Lapsed Tax Credit For Research And Development Investment. In September 2010, XXXX voted for a Hatch, R-Utah, motion to suspend Rule 22 to permit the consideration of a Hatch motion to commit the bill to the Finance Committee with instructions that it be reported back with language that would make permanent a lapsed tax credit for research and development investment. [CQ; Vote 235, 9/16/10] XXXX Voted to Extend the Research and Development Tax Credit. In March 2004, XXXX voted for an amendment that would provide for an 18-month extension of the research and development tax credit. It would modify the tax credit beginning Jan. 1, 2005, by increasing the tiered rates of the alternative incremental research credit and by creating an alternative simplified research credit. It would expand the definition of a research consortium to include at least five unrelated companies. It also would increase from 65 percent to 100 percent the amount of credit that could be claimed for qualified research expenses paid to small businesses, universities and federal laboratories. [S 1637, Vote 31, 3/3/04] XXXX Voted Against Extending R&D Tax Credit. In May 2003, XXXX voted against an amendment that would have extended the business research and development tax credit through 2013. It would be offset by eliminating the bill’s exclusion of dividends from income taxes. [Vote 154, 5/15/03] XXXX Rejected Tax Credits for Renewable Energy Technologies. In 2001, XXXX voted against an amendment from Senator Bingaman (D-NM) to establish tax credits for investments in renewable energy technologies. XXXX voted against these incentives even as our country must increase our energy efficiency to be less dependent on foreign oil. [HR 1836, Vote 125, 5/21/01] XXXX Voted to Permanently Extend The Research And Development Tax Credit. In 2000, XXXX voted for an amendment that would permanently extend the research and experimentation tax credit. The amendment was agreed to, 98-1. [Vote 181, 7/13/00] FLAT TAX 280