Sanders Proposes Bill To Force Trump To Keep Job Promise

tay

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“During the campaign, Donald Trump made a 100 percent commitment to prevent United Technologies from shipping 2,100 jobs from Indiana to Mexico. All of us need to hold Mr. Trump accountable to make sure that he keeps this promise.

“Let’s be clear: it is not good enough to save some of these jobs. We cannot rest until United Technologies signs a firm contract to keep all of these good-paying jobs in Indiana without slashing the salaries or benefits workers have earned.

“United Technologies is not going broke. Last year, it made a profit of $7.6 billion and received over $6 billion in defense contracts. It has also received more than $50 million in corporate welfare from the Export-Import Bank and very generous tax breaks.

“In 2014, United Technologies gave its former CEO Louis Chenevert a golden parachute worth over $172 million. Last year, the company’s five highest paid executives made over $50 million. The firm also spent $12 billion to inflate its stock price instead of using that money to invest in new plants and workers.

“I call on Mr. Trump to make it clear to the CEO of United Technologies that if his firm wants to receive another defense contract from the taxpayers of this country, it must not move these plants to Mexico.

“We need to send a very loud and very clear message to corporate America: the era of outsourcing is over. Instead of offshoring jobs, the time has come for you to start bringing good-paying jobs back to the United States of America.

“If United Technologies or any other company wants to keep outsourcing decent-paying American jobs, those companies must pay an outsourcing tax equal to the amount of money it expects to save by moving factories to Mexico or other low-wage countries. They must pay back all of the tax breaks and other corporate welfare they have received from the federal government. And they must not be allowed to reward their executives with stock options, bonuses or golden parachutes for outsourcing jobs to low wage countries.

“I will soon be introducing legislation to make sure that Donald Trump keeps his promise to prevent the outsourcing of American jobs. For the sake of American workers, this is a promise that cannot and must not be broken.”

Summary of the Outsourcing Prevention Act

In February, Carrier and UTEC announced that it would be closing two plants in Indianapolis and Huntington, Indiana shipping 2,100 jobs to Monterrey, Mexico, where workers are paid just $3 an hour. Both of these plants are owned by United Technologies. This legislation will provide a comprehensive solution to address this problem. United Technologies is not an outlier; it is representative of how so many multi-national corporations are taking advantage of our rigged economic system to pad their profits while hurting American workers. President-elect Trump made a promise during the campaign that he would prevent all of these jobs from being shipped overseas.

The Outsourcing Prevention Act would make sure that Donald Trump keeps this promise by:

1. Preventing companies that outsource jobs from receiving federal contracts, tax breaks, grants or loans.

Last year, United Technologies received over $6 billion in federal contracts, making it the seventh largest recipient of federal contract funds. Over the past 15 years, this Fortune 500 company has used loopholes in the tax code to shelter more than two-thirds of its $38 billion in profits from federal taxation. It has also received over $50 million in corporate welfare from the Export-Import Bank. Under this legislation, companies would be barred from receiving future contracts, tax breaks, grants or loans from the federal government if they have announced plans to outsource more than 50 jobs overseas.

2. Clawing back federal benefits from companies that outsource jobs have received over the last decade.

This legislation would require all companies that outsource more than 50 jobs in a given year to pay back all federal tax breaks, grants and loans they have received from the federal government over the last decade.

3. Establishing an outsourcing tax on companies that move U.S. jobs offshore.

This legislation would impose a tax on all companies that outsource jobs. The tax would be equal to the amount of savings achieved by outsourcing jobs or 35 percent of its profits, whichever is higher. United Technologies estimated that it would save $65 million a year by moving its jobs in Indiana to Mexico. Under this legislation, the company would be required to pay a tax of no less than $65 million a year.

4. Prohibiting executives from profiting off of the outsourcing of U.S. jobs.

This legislation would prohibit companies that offshore jobs from enriching executives through golden parachutes, stock options, bonuses, or other forms of compensation by imposing stiff tax penalties on this compensation. In addition, companies that outsource jobs overseas would be prevented from buying back its own stock. In 2014, United Technologies gave its former CEO a golden parachute worth over $172 million. Last year, the company’s five highest paid executives made over $50 million. The firm also spent $12 billion to inflate its stock price instead of using that money to invest in new plants and workers.

Sanders Statement on Carrier and Outsourcing - Senator Bernie Sanders of Vermont

and

Bernie Sanders to propose Outsourcing Prevention Act to keep jobs in US - TheIndyChannel.com
 

davesmom

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Hmmmm! Did Bernie promise to do those things when he was campaigning? Or is he now intent on introducing legislation that could embarrass and discredit Trump?
 

davesmom

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Oct 11, 2015
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Nobody has to introduce anything that will embarrass Trump. He's self-defacing



But he did get to be President Elect, didn't he? How is he embarrassing himself?


I don't think he's doing a bad job at all. Lots being said about him breaking promises; He's not breaking promises. He's prioritizing. Some of what he campaigned on has gone to the bottom of the list, that's all. The important issues come first as they should. No human being could attack every problem at the same time in such a complex and difficult job.
 

Angstrom

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But he did get to be President Elect, didn't he? How is he embarrassing himself?


I don't think he's doing a bad job at all. Lots being said about him breaking promises; He's not breaking promises. He's prioritizing. Some of what he campaigned on has gone to the bottom of the list, that's all. The important issues come first as they should. No human being could attack every problem at the same time in such a complex and difficult job.

Your talking with a #braindeadhippie #trudeaueulogist. It's not like he understands anything that's going on. They think the world is black or white. Don't waste you're time telling them there is infinite shades in between the two.
 

davesmom

Council Member
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Your talking with a #braindeadhippie #trudeaueulogist. It's not like he understands anything that's going on. They think the world is black or white. Don't waste you're time telling them there is infinite shades in between the two.



What Trudeau is doing is the opposite. He prioritizes the silly stuff that doesn't matter and ignores the serious matters like the economy, security, etc. Is he in a perpetual doped-up fog?
Talk about fiddling while Rome burns!
Who cares how many women or minorities are represented in his government? I think most people just want somebody who can do the job whether it's male, female, white, brown or striped! When is he going to stop giving away borrowed money to useless foreign causes instead of building up our own country? When chickens grow lips, I expect!
Trudeau is proving to be the Ditz of the century.
Here's a theme song for Trudeau.
 

tay

Hall of Fame Member
May 20, 2012
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Hmmmm! Did Bernie promise to do those things when he was campaigning? Or is he now intent on introducing legislation that could embarrass and discredit Trump?



 

coldstream

on dbl secret probation
Oct 19, 2005
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Sanders has a point. And it bites at the underbelly of Trump's economic nationalism. It seems largely aimed at punitive measures for moving manufacturing out of country, but even that won't be enough.

Trump has not presented a plan for a systematic and permanent imposition of tariffs, sufficient to rebuild industries.. especially steel and primary metals processing, auto fabrication, textiles.

His response to Carrier's threat to move its manufacturing to Mexico.. essentially in a one off negotiation and deal making under threat of selective tariffs will be completely insufficient.

He will have to go to war with the NeoCon Free Traders of the Republican Establishment, bought and payed for by American trading and financial interests, in order to do that.
 

EagleSmack

Hall of Fame Member
Feb 16, 2005
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Is Sanders going to propose a bill to make sure Trump builds a wall?

Actually ... that would be a nice rider!
 

EagleSmack

Hall of Fame Member
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So you don't think Bernie should do this because Trumps Team will insure Americans that they will?

I think he should do this and he can add the wall to the same bill.

I mean if they are going to start passing laws to make Presidents keep their promises then lets be consistent.
 

Bar Sinister

Executive Branch Member
Jan 17, 2010
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Hmmmm! Did Bernie promise to do those things when he was campaigning?

Yep, pretty much. He's been against almost every free trade agreement the US has entered into and has railed against outsourcing of jobs to other nations, Mexico included.
 

Ludlow

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American labor costs are too high. Everyone wants 40 bucks an hour like the greedy Canadians. Free enterprize will increase profit margins any way they can and will not give a flying fukk about jobs for Americans. Get real.
 

davesmom

Council Member
Oct 11, 2015
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American labor costs are too high. Everyone wants 40 bucks an hour like the greedy Canadians. Free enterprize will increase profit margins any way they can and will not give a flying fukk about jobs for Americans. Get real.



$40 buck an hour AND overtime AND health care AND paid maternity leave AND pension contributions ..........and regulated hiring practises.
The pendulum swung too far in the employees favor for the company to make a decent profit. No wonder they went off-shore.
 

Ludlow

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$40 buck an hour AND overtime AND health care AND paid maternity leave AND pension contributions ..........and regulated hiring practises.
The pendulum swung too far in the employees favor for the company to make a decent profit. No wonder they went off-shore.
All true. Labor is out of control. Our lifestyles are the reason jobs are leaving the country.
 

MHz

Time Out
Mar 16, 2007
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Is the Ford Bronco about to become the standard model for all of North America? The jobs that left will not be replaced by the same jobs, they will be replaced by jobs that make what America needs right now to modernize themselves to fit in with the 22nd century era of commerce and countries producing their own goods for their own population comes before exports are looked at. The move lessens the natural disasters that come along that prevent first aid getting to the people so they are the ones that need to provide for themselves. If your town starves to death because a flood took out a bridge you deserve to go extinct.

On the other hand if you survived because you had your own supplies when the ones on the other side of the river die off it will be free for the taking. Without the flood and the bridge going out a community is still better off supplying it's own food and be able to cope with most disasters without needing outside assistance. Other items depend on interaction with many different communities if thriving is to be an apt word.

The complaint he has is the profits from the businesses that sell to Americans are now foreign companies and that is where the profits go rather than circulating in the US.

If he is going to make changes to previous agreements it will be more about who is making the goods sold in the US rather than becoming an export giant again as that ship has sailed. There is lots of money to be spent by Americans on Americans and this time there will be more than a hand-full of moon rocks to show for the tons on money that will be spent. Fixing the place up will take a set number of projects and then unemployment would go very high as robots took over the labor part of life and everybody was 'on vacation' rather than unemployed and stuck in the basement.

American labor costs are too high. Everyone wants 40 bucks an hour like the greedy Canadians. Free enterprize will increase profit margins any way they can and will not give a flying fukk about jobs for Americans. Get real.
That was for a product meant for export. The profits that went to the biggest shareholders were not American's anyway. The only problem with that is their greed forgot about maintenance as they are mostly fly by night operations that take the goodies with the least amount of spending as possible and if a big mess isn't left for somebody to clean up then the operation wasn't run as lean as it could have been and the shareholders would not be pleased about that.

Put the employees as shareholders and businesses would be run at a modest profit and maintenance would be an ongoing so no big mess to clean up somewhere down the road.

Trump might do what the Social Credit did in Alberta after the war. They collected all the private debt and paid it off and they were repaid by the Heritage Trust Fund and that made a lot more money than it was supposed to and spent where it wasn't meant to in the end. Until then it ended a mini depression caused by outside forces. Trump looks like he is willing to fix that part of it sooner rather than later.

Our lifestyles are the reason jobs are leaving the country.
The mini boom of putting a car in every home and fridge in every kitchen was never meant to be something America did for the rest of the world after the homeland was done. Moving on to making other items should have been a natural move but no plan seems to exist that doesn't require 95% of the people working just to supply the basics to people.
 

Bar Sinister

Executive Branch Member
Jan 17, 2010
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All true. Labor is out of control. Our lifestyles are the reason jobs are leaving the country.[/QUOTE

So I guess the millions of Canadians and Americans living below or close to the poverty line are rare exceptions to the overpaid masses. Did you not understand why so many voters went for both Trump and Sanders? The US is a low wage economy and Canada is not far behind.
 

EagleSmack

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