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Schakowsky, Durbin and Brown: Tax Credits should go to Companies that Invest in American Workers, Not Ship Jobs Overseas

WASHINGTON, DC –(ENEWSPF)—June 2, 2015. Today Rep. Jan Schakowsky (IL-09), Sen. Dick Durbin (IL) and Sen. Sherrod Brown (OH) introduced the Patriot Employer Tax Credit Act, a bill that would provide a tax credit to companies that provide fair wages and good benefits to workers while closing a tax loophole that incentivizes corporations to send jobs overseas. The loophole costs the U.S. Treasury approximately $50 billion each year at a time when outsourced jobs and stagnant wages force more American families to turn to safety net programs to make ends meet. The bill is cosponsored by Representatives Raul Grijalva (AZ-03), Keith Ellison (MN-05), Bobby Rush (IL-01) and Senators Jack Reed (RI), Elizabeth Warren (MA), Bernie Sanders (VT) and Tammy Baldwin (WI).

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