Washington, D.C. – U.S. Representative Mark Pocan (WI-02) today introduced the End Outsourcing Act, legislation that would update the United States tax code to reward companies that invest in American workers and penalize corporations that outsource domestic jobs and factories.
“For too long, our tax code has incentivized companies to outsource American jobs instead of investing in workers and communities here at home,” said Pocan. “We give corporations that ship American jobs overseas a free pass while workers suffer the consequences. Rather than reward companies that relocate to other countries, we should use our tax code to incentivize firms to invest in our communities and put American workers back on the job. The End Outsourcing Act is a strong step forward in protecting American jobs, growing wages, and strengthening the middle class.”
Specifically, the End Outsourcing Act:
- Prohibits companies from receiving tax breaks for outsourcing jobs and factories, and claws back tax credits and grants related to the operation and maintenance of a facility closing to relocate abroad;
- Establishes tax incentives for companies that relocate foreign jobs to rural and impoverished communities in the United States; and
- Ensures that federal contracting policy takes into consideration whether companies have outsourced domestic jobs.
The legislation has been endorsed by the AFL-CIO, the Communications Workers of America (CWA), the United Steelworkers (USW), and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW).