Patriotic Employers Act
Lawmakers are introducing a bill called the Patriot Employers Act, which fights plant closing and the out sourcing of millions of jobs to places like communist China, by rewarding companies who keep jobs in the United States.
America has lost more than 3 million jobs over the last six years as its manufacturing base has been shifted out of this country. Companies move the jobs because they’re chasing cheap foreign labor and there are tax incentives to do so. The Patriot Corporations Act would reward companies with tax credits for keeping their businesses here.
The bill’s primary sponsors are Senators Dick Durbin, Sherrod Brown and Barack Obama. On the House side Representative Jan Schakowsky is taking the lead. The bill would reward companies with at least 90 percent of their production in the United States who perform at least 50 percent of their research and development here. Furthermore, it limits management compensation to 100 times the lowest-paid workers. The bill requires participating companies to provide health care insurance for all of its workers and hire American workers. The bill also calls for companies to support our men and women in the military and pay the difference between their regular salary and their military pay.
Hopefully, we’ll have enough companies left in this country that some can qualify. We’ve allowed corporate America to pursue these business practices of out sourcing, which has been devastating to the interest of our nation. For the first time, it’s an attempt by the Congress to create an incentive to keep jobs in America. So far, there are no Republicans signed on in support of this act in either the House or the Senate.
If the Republican Party does not understand that its interests go well beyond corporate America it should fail miserably in next year’s elections.
America has lost more than 3 million jobs over the last six years as its manufacturing base has been shifted out of this country. Companies move the jobs because they’re chasing cheap foreign labor and there are tax incentives to do so. The Patriot Corporations Act would reward companies with tax credits for keeping their businesses here.
The bill’s primary sponsors are Senators Dick Durbin, Sherrod Brown and Barack Obama. On the House side Representative Jan Schakowsky is taking the lead. The bill would reward companies with at least 90 percent of their production in the United States who perform at least 50 percent of their research and development here. Furthermore, it limits management compensation to 100 times the lowest-paid workers. The bill requires participating companies to provide health care insurance for all of its workers and hire American workers. The bill also calls for companies to support our men and women in the military and pay the difference between their regular salary and their military pay.
Hopefully, we’ll have enough companies left in this country that some can qualify. We’ve allowed corporate America to pursue these business practices of out sourcing, which has been devastating to the interest of our nation. For the first time, it’s an attempt by the Congress to create an incentive to keep jobs in America. So far, there are no Republicans signed on in support of this act in either the House or the Senate.
If the Republican Party does not understand that its interests go well beyond corporate America it should fail miserably in next year’s elections.
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