On the recordJune 3, 2015
as the number of candidates grows for the office of President, we are hearing a lot of proposals for changes in the Tax Code. Many of them are interesting, and some of them are damaging when it comes to working for middle-income families. Sadly, we are seeing a race to the bottom on who can propose the lowest corporate tax rate, giving huge breaks to the very companies that shift jobs overseas. Most Americans don't realize this. If you want to move your production from the United States to another country, you can deduct the moving expenses from the taxes you owe America. We are subsidizing your decision to pick up and move jobs overseas. American workers--some of them are given the sad responsibility to train the supervisors at the new overseas companies while American workers are checking out their last paychecks. I have a different idea. Instead of rewarding corporations with lower tax bills, we should reward those companies in America that maintain their commitment to this country and its workers and give fair wages and benefits to the American workers. We call it the Patriot Employer Tax Credit Act. It is very basic. When you look at the Tax Code, it is a huge document full of incentives and disincentives for businesses. We will reward certain things; we won't reward other things. Well, this is something we should consider rewarding.…
