Obama insourcing initiative: bring jobs back to USA

U.S. President Barack H. ObamaPresident Obama’s “In-Sourcing” Push to Bring Jobs Back to U.S. Means Eliminating Certain Corporate Tax Breaks

The U.S. economy “has the most productive workers, best universities, and most creative and innovative entrepreneurs in the world,” Obama said.

The President is acting to reduce the stubborn high unemployment rate, announcing that Ford is planning to bring jobs back from China, Japan, and Mexico by adding jobs in Michigan to boost production of theFord Fusion Ford Fusion.

The Obama administration also announced plans today for new tax proposals to reward companies that bring back jobs, while ending certain current tax breaks they say are effectively giving tax incentives to companies to move jobs overseas.

“Since day one, this Administration has been focused on encouraging investment and job creation here at home,” Vice President Biden added. “The business leaders coming here from across the country today have looked at the facts and concluded what the President and I have been saying all along: that America is the best place in the world to do business and create jobs. We’re calling on other companies to follow their lead and bring jobs back to America—jobs that provide middle-class families not just with a paycheck, but with a fundamental sense of dignity.”

Read the full announcement.

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About local49

IUOE Local 49 was formed in 1927. Today we are more than 13,000 men and women in Minnesota, North and South Dakota with contracts for highway/heavy and building contractors, well drillers, equipment repair shops, welding shops, sand and gravel suppliers, counties, municipalities, hospitals, school districts, cemeteries, and more.

Posted on January 11, 2012, in Jobs, taxes and tagged , , , , , , . Bookmark the permalink. 1 Comment.

  1. Statement by AFL-CIO President Richard Trumka on President Obama’s Commitment to “Insource” American Jobs

    WASHINGTON, DC – We support President Obama’s commitment to continue to expand his administration’s efforts to “insource” American jobs. There are few if any causes of greater concern to America’s workers than bringing middle class jobs back to the United States.

    For too long, the 1% have sought and received tax breaks that actually created subsidies for corporations exporting good American jobs overseas. We look forward to working with the administration to end those job destroying tax subsidies and implement policies that encourage investment and job creation here at home.

    America’s workers are not looking for handouts, they are looking for a chance to work hard and apply their best in the world skills in order to provide their families a middle class life.

    Contact: Jeff Hauser (202) 637-5018

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