Bill designed to protect local jobs will be introduced in Congress
By David Legard, IDG News Service March 04, 2004
Over 50 U.S. congressmen will shortly introduce a bill into Congress designed to bar U.S. companies from receiving government financial aid if they do not protect local jobs to the same extent as they protect jobs which they provide outside the U.S.
The Defending American Jobs Act of 2004 will be introduced by Representative Bernard Sanders with 50 co-sponsors from the two main U.S. political parties, Sanders said in a statement on his Web site. Sanders is an independent, allied with neither the Republican or Democratic parties.
"In my view, it is an insult to the middle class of this country, that American taxpayer dollars are being used to provide loans, loan guarantees, grants, tax breaks and subsidies to huge and profitable corporations who then say to the American people: 'Thanks for the welfare, chumps. But we're closing your plant and taking your job to China '," Sanders said in his statement.
Under the proposed legislation, companies seeking government assistance would have to disclose their local and overseas workforce levels and would be ineligible for assistance if their polices favored overseas workers at the expense of U.S. workers.
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http://www.infoworld.com/article/04/03/04/HNoffshoreswipe_1.html
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