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Congressman McNerney bill to protect American jobs.
State, National, International, posted by Chet, a resident of the Danville neighborhood, on Jun 29, 2010 at 5:47 pm

Congressman Jerry McNerney (D-Pleasanton) has introduced legislation to stop American jobs from going overseas.

In a statement, McNerney said H.R. 5622, the "Stop Outsourcing and Create American Jobs Act of 2010," will prevent job losses by cracking down on tax loopholes that encourage corporations to ship jobs abroad. He said it will also help to ensure that corporations with government contracts are not using the taxpayers' money to ship jobs overseas.

"I've heard from numerous people in our area whose jobs have gone overseas," McNerney said. "One woman wrote me and shared how she was asked to train new employees from Brazil. Then, after they were trained, she lost her job, likely to one of the people she helped. Another person wrote me that his job went overseas in 2006. He was able to find new employment, but was quickly laid off again when this second job was outsourced to India."

"It is imperative to our economic recovery that we take serious steps to prevent American jobs from being shipped overseas," McNerney said. "That's why I introduced legislation that will help close tax loopholes that corporations use to hide assets in tax haven countries and send jobs overseas. It's time to get tough with those who break the rules and outsource good American jobs."

The bill, as written, would also ensure that corporations with government contracts are not using American taxpayers' money to send jobs overseas, according to McNerney. "It's unacceptable that corporations would create jobs in foreign countries while benefiting from U.S. government contracts."

McNerney's Washington, D.C. office said that the non-partisan Congressional Research Service estimates 3.4 million service sector American jobs may be outsourced overseas by 2015. These would be in addition to job losses that have already occurred in the manufacturing sector.

McNerney said that Northern California has been hard hit by outsourcing. He cited another study done by the Brookings Institution, which estimates that between 2004 and 2015, the San Francisco and San Jose metro areas will lose between 3.1 and 4.3 percent of their jobs to outsourcing.

According to the study, jobs that are considered particularly vulnerable to outsourcing include middle class jobs such as manufacturing positions, as well as office support, including data entry and payroll clerks, auditors and tax preparers, computer programmers and software engineers, medical transcriptionists and paralegals, and technical writers.

H.R. 5622 as written directs the Secretary of the Treasury to establish a list of "corporate tax haven countries" and then increases civil and criminal penalties for corporations guilty of a variety of illegal transactions involving a tax haven country, such as fraud, false claims, and tax evasion. This provision provides an additional deterrent to corporations from using tax havens to hide assets and create jobs overseas.

McNerney's office also reported that the non-partisan Government Accountability Office (GAO), in a study conducted in late 2008, estimated 83 out of the 100 biggest public corporations have subsidiaries in tax haven countries or similar jurisdictions. In many instances, these subsidiaries may be created by corporations to take advantage of foreign tax structures and cheap labor, replacing American jobs.

"The legislation will also help ensure that corporations with government contracts are not using American tax dollars to outsource American jobs," McNerney's office stated. "In the aforementioned report, the GAO determined that 63 of the 100 biggest federal contractors also have subsidiaries in tax haven countries or similar jurisdictions."

Steve Riley, vice president of sales and marketing for Electric Vehicles International, a Stockton company, has been complaining to McNerney and others abut unfair competition from abroad.

"Congressman McNerney's bill will help make sure that companies like EVI that are playing by the rules and creating U.S. jobs can compete on fair terms for government contracts," Riley.said. "I appreciate (his) efforts, which will help companies like EVI expand and create jobs in Northern California."

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Posted by Ron, a resident of the Danville neighborhood, on Jun 29, 2010 at 6:44 pm

[Post removed due to same poster using multiple names]

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Posted by Concerned American, a resident of another community, on Jun 29, 2010 at 6:57 pm

Chet...I noticed you are spreading your garbage on other TownForum boards as well. To the readers of this board, please note other's comments from this same topic on the Pleasanton Weekly's Town Forum...

Posted by Lahommed, a resident of Dublin, 6 hours ago

Lahommed is a member (registered user) of Pleasanton Weekly

Where was McNerney for the last 10 years? Outsourcing of American jobs to other countries by American Corps to save money and get the tax advantages should have been dealt with long before now!

McNerney is a typical "Johnny come lately" politician who has had his head in the sand far too long and now that is run is coming to a thankful end he decides to do something except in this case the barn door has been open and the horses are running the countryside!

McNerney do us all a favor and do nothing! Just like you did with Healthcare until the Inept one (Mr President) convinced you to act.

You were never a friend to your district or those you represented...time for you to go....so do us all a favor don't try and start to become something you have not been for the last many years! McNerney....Thanks...but no thanks!

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Posted by HHR, a resident of the Another Pleasanton neighborhood neighborhood, 5 hours ago

Kudos to McNerney! This is a bill long overdue. Also the type of bill you will not see being originated by Republicans.

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Posted by RET, a resident of the Del Prado neighborhood, 5 hours ago

Love McNerney. He has my vote in November!

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Posted by jimf01, a resident of another community, 4 hours ago

Jerry McNerney's horse has escaped, he is not trying to shut the barn door.

This would've helped before NUMMI moved 10's of thousands of jobs out of California.

How about a bill to prevent the US President from sabotaging US jobs?

GM pulls out of NUMMI after Obama comes into office, Jerry McNerney does nothing.

Toyota announces they are pulling out of NUMMI without GM support. Jerry McNerney writes a letter

Toyota shuts the plant down anyway, Jerry McNerney writes another letter.

After all is said and done, Jerry McNerney initiates legislation to prevent this from happening ever again.

Too little, too late. The theme of Jerry McNerney's congressional career.

Jerry - Do you know what a "Tax Haven" is? It is a place that has lower taxes than where you currently are!

If you endorse cap and trade, vote for massive deficit spending, pass health care reform with massive tax increases, and on and on, you are making other countries into tax havens.

Not trying to be a "smartass", but try cutting our taxes and make the US into the tax haven, then you will save US jobs Jerry!

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Posted by jimf01, a resident of another community, 4 hours ago

that was supposed to be "he is now trying"

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Posted by Concerned American, a resident of the Another Pleasanton neighborhood neighborhood, 3 hours ago

Good points Jim01,

You can also add to this list a couple of items near and dear to "Jerr's" heart.

- Windmills...did you know that approx 80% of the wind energy funds from TARP went to CHINA for them to build these incredibly expensive (and very unproductive) wastes of machinery?

ABC News interview by liberal Dianne Sawyer >>> Web Link

- CFL lightbulbs...the majority, if not ALL, of these bulbs which will be required in 2012 will be made in CHINA. There will be a massive number of jobs lost in America because of this ridiculous legal requirement. Not to mention...they are INFERIOR to Edison's invention!

Sobering videoclip >>> Web Link

Hey Jerry...what do you have to say about these 'wonderful' products you support??? (You flaming socialist)

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Posted by Sarah Prelude, a resident of the Del Prado neighborhood, 3 hours ago

A little late, don't you think?

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Posted by maja7, a resident of the Vintage Hills Elementary School neighborhood, 3 hours ago

Too little, too late. Just so he can say he's doing something.....

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Posted by Cholo, a resident of Livermore, 2 hours ago

maja likes to talk through her hat...

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Posted by dublinmike, a resident of Dublin, 1 hour ago

dublinmike is a member (registered user) of Pleasanton Weekly

Lahommed, "Where was McNerney for the last 10 years?" McNerney was elected in 2006.

Jim01, "How about a bill to prevent the US President from sabotaging US jobs? " I think you meant it to refer to Bush... bit late on that.

jim01, "Concerned" American, maja7, et al, once again the chant is: "I hate McNerney and all Democrats, not matter what they do"

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Posted by vintage10, a member of the Vintage Hills Elementary School community, 1 hour ago

The U.S.'s 41.6% is the *2nd* highest corporate tax rate in the world with only Japan's being higher. Compare ours to socialist France's at 34% or China's at 25%. As the former CEO of several U.S. companies I am now planning a new company with most of the hiring in Asia. Why? Because after I get done paying the 41% tax, and then the looming healthcare fees along with legal insurance to protect the company against all the frivolous lawsuits here in California, we won't be able to compete against foreign companies. None of our 401(k) or public retirement funds would ever invest in that kind of company. So rather than assume most Americans are that stupid, Jerry would be better off supporting lowering the tax loads on U.S. companies so we can keep jobs here. Maybe Jerry should take a trip to Detroit to see what high taxes and high labor costs did to employment in the U.S. auto industry.

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Posted by Chet, a resident of the Las Positas neighborhood, 1 hour ago

We have a fantastic Congressman in Jerry McNerney and he is again as always going to bat for us hard working Americans. We all knew we elected the right person to rep us and Jerry has proven over and over again he is the right man for the job. Harmer should never be taken seriously for the job. He could never rep us as Harmer does NOT EVEN LIVE IN OUR DISTRICT!!!!

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Posted by dublinmike, a resident of Dublin, 33 minutes ago

dublinmike is a member (registered user) of Pleasanton Weekly

I was thinking about "Concerned" American's comment "ABC News interview by 'liberal' Dianne Sawyer" while watching her tonight... wrong again, Concerned, Dianne is a Socialist!! Worse... she looks like a Democrat! You can tell by the eyes, the hair style...

vintage10 is a phony. His decision has to do with cheap labor... you know, people without medical care, dental care, unsafe work conditions, no protections against abusive employers AND no political voice. Folks, I give you the new ugly-American: vintage10 - screw my fellow countrymen, it's all about me folks...

You can call me a Socialist (which I ain't) or some other convenient title but the fact is I support the capitalist system. Despite it's flaws, it does work (most of the time).

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Posted by CDSI Research, a resident of another community, on Jun 29, 2010 at 7:04 pm

Dear Emily,

Our Gross Domestic Product is a function of a global economy and it has to perform to global cost factors. Our advantage has been technology leadership and we surrendered that leadership by governments' lack of attention to economic leadership.

Protecting jobs from outsourcing, whether here or there, simply is a symptom of the issues of obsolescence in innovation, development and operations. Our country is filled with start-ups that can be the obvious basis of the next sequence of jobs. We need incentive packages for such start-ups that bring tax holidays, free trade zones, technology investment and tax-advantages for commercialization alliances.

Do we in this corridor actually understand these requirements? More importantly, does our governments understand?

Hal/CDSI

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Posted by American, a resident of the Danville neighborhood, on Jun 29, 2010 at 9:36 pm

Jerry: Good bill, however, you ignored your constitutents opinions on Obama's socialized healthcare bill, and have ignored your constituents in so many other similar key areas, that you will be voted out of office.

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Posted by Rick Pshaw, a resident of the Danville neighborhood, on Jun 29, 2010 at 9:54 pm

This is utterly transparent political posturing on Chet's part. McNee does not have my vote - the only time you hear from him is just before election time.

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Posted by Treebeard, a resident of the Danville neighborhood, on Jun 30, 2010 at 12:33 pm

The congressman is going to protect jobs by punishing employers?

Excellent example of lib-think.

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