WASHINGTON (Gray DC) - Lawmakers are constantly talking about jobs. They say they want more in the U.S., but as of August, the unemployment rate in Ohio was 5.3 percent. Senator Sherrod Brown (D-OH) says a remedy could come in the form of convincing companies to stay stateside. Brown is pushing legislation that rewards American companies if they remain in America.
Sen. Brown (D-OH) says Ohio jobs are suffering because of outsourcing.
“When workers do well, the economy grows,” said Brown.
Brown says keeping jobs in the U.S. is a top priority. He is pushing the “Patriot Employer Tax Credit Act.” The core of the legislation is that companies will be rewarded if they stay in the states and treat their employees well.
“Why should those companies that pay $10 to $12 and outsource their jobs abroad and don’t provide health insurance...why should taxpayers provide to those employees?” said Brown.
Under the legislation, an employer is eligible for a tax credit as a “Patriot employer” if they keep headquarters in the U.S., provide health benefits, increase pay and create more U.S.-based jobs. Brown says big corporations are getting away with outsourcing jobs, and says it is hurting his state.
“Rarely are workers getting a raise in Ohio, whether it’s Toledo, whether it’s in Ironton, whether it’s Gallipolis, whether it’s Cleveland,” said Brown.
His legislation is about incentive. Brown is hoping that big companies hear “tax credit” and they come running. But some experts say it will take a lot more to keep jobs in the United States.
“As consumers, we frequently benefit by products being manufactured outside America,” said Thomas Cooke, a professor at Georgetown University’s McDonough School of Business.
Cooke says the odds of this legislation passing are slim. He says to reel in these big companies and keep them in the States, they need groundbreaking incentives.
“At the end of the day, this credit is 10 percent of the first $15,000 in wages. In the overall scheme of things, this is very, very small potatoes,” said Cooke.
Brown’s legislation currently sits in the Senate Finance Committee with one co-sponsor, Democrat Dick Durbin.