"Here we had a chance to remove a major regulatory burden on small business and close a horrible tax loophole that sends American jobs to foreign soil," said Rep. Perriello. H.R. 5982 would have finally closed the tax loopholes that encourage companies to ship jobs overseas. The manufacturing sector has lost over 2 million jobs since the beginning of the recession, and from 2001-2008 Central and Southern Virginia lost nearly 6,000 manufacturing jobs to China. Closing these job-killing loopholes has been a top priority of Rep. Perriello.
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