Political Quotes

“Mr. President, I strongly support the Creating American Jobs and Ending Offshoring Act. These clearly justified reforms will close wasteful tax loopholes for firms that move jobs overseas and provide real incentives for firms to bring jobs back to the United States. I am proud to join Senators Dick Durbin, Harry Reid, Byron Dorgan, Barbara Boxer, Chuck Schumer, Sherrod Brown, and Sheldon Whitehouse in cosponsoring this bill. For the past two decades our country has witnessed a disturbing trend towards outsourcing American jobs abroad. What began as a way for domestic manufacturers to cut labor costs has blown into a full-fledged sprint by some U.S. manufacturing and service companies to move as much production offshore as possible. The devastating effects of global offshoring have hit large, manufacturing States like Ohio, Michigan, Indiana, and California with particular hurt, but smaller States like Vermont are not immune to the global realities of corporate outsourcing and consolidation. Unfortunately, there is quite a list of companies in recent years that have either left our State or gone out of business entirely because they moved jobs overseas or were squeezed out of the market by competitors using cheap, foreign labor. That is why the Senate must move forward with considering the Creating American Jobs and Ending Offshoring Act. First, the bill will eliminate the perverse tax subsidies that U.S. taxpayers provide to firms that move facilities offshore.…”