Working families are keeping the pressure on elected officials and candidates to reject outsourcing and support the “Bring Jobs Home” Act. Activists have already hosted nearly 100 events outside offices of politicians and corporations across the country to demand Congress take immediate steps to help create and keep jobs in the U.S.
This week, Congressman Perlmutter joined Colorado’s working families and the AFL-CIO at the Lakewood Civic Center to call for the passage of the Bring Jobs Home Act (SB2884), that would eliminate tax incentives to companies that ship jobs overseas and reward businesses for bringing jobs back to U.S. The Senate is expected to vote on the bill at the end of the month.
The Colorado Congressman was also joined by Matt Valdez, a telecommunications employee whose job was slated to be outsourced last Friday, but instead the job was kept in América.
“We have a saying, ‘if we make it in América, we will make it in América,’” said Congressman Perlmutter. “The more manufacturing, the more innovation, the more cooperation that we have here in this country, it is good for all Americans. Rather that the trickle down theory which we all know doesn’t work very well, we want to grow it from the middle.”
The Bring Jobs Home Act amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.
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