Did you know that U.S. companies can currently receive a tax deduction for certain relocation costs when they move jobs overseas? At a time when the nation’s unemployment rate is still too high, why are we rewarding companies for shipping our jobs out of the country? It doesn’t make any sense!
Senators John Walsh of Montana and Debbie Stabenow of Michigan are trying to right this wrong by introducing the Bring Jobs Home Act. If passed, U.S. companies that move jobs or business operations to America from other countries would receive a tax break, not the other way around. In fact, the tax loophole for companies that ship jobs overseas would be closed. These companies shouldn’t be rewarded any longer.
A vote on the Bring Jobs Home Act is expected in the Senate this week. Please email your Senators today and ask that they “Bring Jobs Home” by supporting this legislation.