Sen. Bernie Sanders (I-Vt.) has introduced legislation to ensure that a key campaign promise of President-elect Donald Trump comes to pass—keeping American jobs in America.
In a statement issued Saturday, the former Democratic presidential candidate took a stand against the air conditioner manufacturer United Technologies (UTX), which is planning to move 2,100 jobs to Mexico to maximize profits, as he announced legislation to prevent the outsourcing of U.S. factory jobs—and demanded that Trump follow through on his own vows to keep the company from going overseas.
“I call on Mr. Trump to make it clear to the CEO of United Technologies that if his firm wants to receive another defense contract from the taxpayers of this country, it must not move these plants to Mexico,” Sanders said. “We need to send a very loud and very clear message to corporate America: the era of outsourcing is over. Instead of offshoring jobs, the time has come for you to start bringing good-paying jobs back to the United States of America.”
Sanders’ legislation, the Outsourcing Prevention Act, would prevent companies sending jobs overseas from receiving federal contracts, tax breaks, or other financial assistance; claw back federal subsidies that outsourcing companies received over the past decade; impose a tax of either 35 percent of the company’s profits or an amount that equals the money saved by moving jobs overseas, whichever is higher; and imposing stiff tariffs on executive bonuses like golden parachutes, stock options, and other gratuities.
SCROLL TO CONTINUE WITH CONTENT
Leave a Reply