Jay Rockefeller: “on behalf of all hard working West Virginians who are worried about keeping their jobs, I must oppose the corporate tax…”

“on behalf of all hard working West Virginians who are worried about keeping their jobs, I must oppose the corporate tax bill the Senate is considering today. For more than a year, I have been working with my colleagues to craft legislation that would address the needs of our manufacturing industry, and I was proud to vote for a Senate bill earlier this year that promised real relief for our economy. However, the legislation before us bears only a faint resemblance to the bipartisan Senate bill, and I believe it would do more harm than good. I urge my colleagues to reject this legislation. We can do better than this, and we owe it to American workers. Last September, I introduced legislation that would offer help to our struggling manufacturing sector. My bill would repeal the Foreign Sales Corporation/Extraterritorial Income tax provisions to ensure that European tariffs against American exports are lifted. It would create a new tax deduction for domestic manufacturers to essentially lower their corporate income taxes by 3 percent. In addition, my legislation calls for a tax credit to make health care for older workers more affordable. Finally, my legislation would strengthen our trade protections.”