Politics, Uncategorized

Congress gains one, lose another on outsourcing

Washington, D.C./Bilingual Weekly 
 On Monday, August 10, 2010, the House of Representatives voted 247-161 to pass legislation closing tax loopholes used by big corporations to ship American jobs overseas. Every House Republican, but two voted, against it.  

H.R. 1586, the Education Jobs and Medicaid Assistance Act, also provides critically-needed support to state governments to prevent layoffs of teachers and first responders. The legislation was signed into law following Monday’s vote.  

“I was proud to vote for an important bill that closes tax loopholes used by big corporations to outsource American jobs to foreign countries,” said Rep. McNerney, a co-sponsor of the bill, “outsourcing has cost California too many good jobs. We should make sure our policies encourage job creation here at home.”  

In June, Rep. McNerney introduced H.R. 5622, the Stop Outsourcing and Create American Jobs Act, which prevents abuse of corporate tax haven countries and grants preferences in government contracts to companies that don’t outsource American jobs.  

On Friday, July 30th, a similar bill that was to close tax loopholes that give big corporations the incentive to create jobs overseas instead of in the U.S. — H.R. 5982, the Small Business Tax Relief Act— was passed by the House. Yet, since the bill required two-thirds support to pass was defeated with 241 votes in favor of the legislation and 154 against. Again, all House Republicans but two voted against.  

About bilingualweekly

Bilingual Weekly News brings you community news in both English and Spanish, covering information such as Stockton News, San Joaquin News, Latino News, Hispanic News, Mexican-American News, Bilingual News, Government News, Political News, Arts News, Tracy News, Manteca News, Lodi News, Modesto News, Stanislaus News, Education News, Stockton Unified School District, San Joaquin County Office of Education, Health News, Environmental news, and much more!


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