Hatch Research Tax Credit Small Business Motion Falls

Sen. Orrin Hatch, R-Utah, right, stands with Sen. Richard Burr, R-N.C. , on Capitol Hill in Washington, Thursday, July 15, 2010, prior to a news conference to discuss the dangers the Democrats' agenda poses to job creation.

A motion to suspend the rules and consider a motion offered by Senator Orrin Hatch (R-UT) to the Small Business Jobs and Credit Act (H.R. 5297) has been defeated by a vote of 51-48.  The motion needed 67 votes to pass under Senate rules.

Don’t be confused by all the motions!  This simply would have allowed the Senate to vote on sending the underlying bill back to the Finance Committee with instructions to include a permanent extension of the research (R&D) tax credit.

Majority Leader Harry Reid (D-NV) has procedurally filled the “amendment tree” on the underlying bill, which essentially prevents an open amendment-offering process.  This is sometimes done to speed up consideration of a measure and move more quickly toward final passage.  It also impacts the ability of members to offer motions to commit the bill.

(credit image – daylife/associated press)

1 Comment

Filed under Small Business, Taxes

One response to “Hatch Research Tax Credit Small Business Motion Falls

  1. john_jj_joanidees@yahoo.com

    They need to pass the R&D tax credit for next year. In fact, they need make it permanent. This is crazy. It is too easy to send R&D offshore these days. I check technologytax.com nearly every day hoping that I will see that the research tax credit has been made permanent. Nothing yet.

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