U.S. Sen. Richard Blumenthal (D-Conn.) joined steelworkers at ATI Allegheny Ludlum Corp. in Waterbury July 16 to call for the immediate passage of the Bring Jobs Home Act.
The bill, which Blumenthal cosponsored, encourages American companies that have shipped jobs overseas to bring them back to American soil. The bill would offer companies tax credits for relocating employees back to the U.S. and would end taxpayer subsidies to pay for outsourcing. The senate is expected to vote on the bill later this week.
“Passing this common sense measure will provide major tax incentives to bring jobs back to America and end outrageous loopholes that reward offshoring,” Blumenthal said in a press release. “We should reward companies that bring jobs home ”“ restoring and re-shoring them ”“ not those that send them to China or elsewhere.”
According to Blumenthal, 2.4 million jobs have been outsourced in the last 10 years, including some in the steel industry.
Waterbury Mayor Neil O’Leary and Connecticut AFL-CIO President John Olsen joined Blumenthal at the event.
