Washington (CNNMoney.com) - Senate Democrats plan to propose a new legislation this week aimed at cracking down on companies that move jobs offshore, congressional sources tell CNN.
Senate Democrats plan to force a vote on legislation next week that would create a payroll tax break for companies that hire U.S. workers in place of foreign workers. The bill would also raise taxes for companies that move jobs and plants overseas.
Details are scarce on the specifics of the tax breaks and penalties. But Senate Majority Leader Harry Reid, D-Nev., set the procedure rolling Tuesday evening, in a move that could force a vote on the issue next week, according to congressional records.