As CEO at Bain Capital, Mitt Romney earned “jaw-dropping profits” by closing U.S. factories, laying off hundreds of workers, sending those jobs overseas and stashing money in offshore tax havens.
Recently, The Washington Post ran a scathing article on Romney’s Bain Capital for owning “companies that were pioneers” in the practice of shipping work from the U.S. overseas. Even though Romney says he left Bain in 1999, recently revealed SEC filings show Romney was at the company until 2002.
Congress must fix these outsourcing practices. We have lost 6 million manufacturing jobs while our trade deficits have ballooned and the largest nonfinancial companies in the United States sat on record amounts of cash.
It doesn’t have to be this way. Right now, we can take a big step toward stopping some of this destruction. In the coming weeks, the Senate is expected to take up the Bring Jobs Home Act. This bill would stop corporations from deducting their moving expenses when they export U.S. jobs to other countries.
Call your senators now at 888-659-9401 and tell them to support the Bring Jobs Home Act.
Our primary focus should be helping working families—not Big Business—by creating and saving good jobs at home and supporting the patriotic companies that create jobs in the United States.
We need to work together to hold our senators accountable and make sure they support not only the Bring Jobs Home Act but other measures that would:
- Stop currency manipulation by our trading partners;
- Tax the overseas income of U.S. corporations the same way we tax their domestic income, so they no longer can lower their tax bill by shifting income and jobs overseas;
- Bar companies that send call center jobs overseas from receiving federal grants and tax breaks; and
- Push for fair trade policies that benefit workers—not just multinational corporations.
Thank you for taking action for good jobs for working families. To find a Bring Jobs Home event near you, click here.