Linda Sánchez’ Introduces Draft Legislation to Protect U.S. Jobs
Washington, DC- Today Rep. Linda Sánchez (CA-38) and Rep. Ken Calvert (CA-42) introduced draft legislation that would reform the U.S. tax code to protect high-skilled quality jobs here at home:
“Our tax code should reward companies that keep high-wage and high-skilled jobs in the United States. The discussion draft of the U.S. Jobs Protection Actwould place restrictions on companies that eliminate or outsource more than 30% of their company’s U.S. jobs in the first 24 months after an acquisition,” said Rep. Sánchez. “Those companies would be subject to new tax disincentives to reduce the lure to shift jobs overseas.
Keeping and creating more high-quality jobs here at home should be a priority of our tax system. These types of jobs support middle class families and the last thing we want is for them to be swept out of the U.S by companies that try to game the federal tax system. While we still need comprehensive tax reform, our draft legislation focuses on the need for short term solutions that can be implemented while we work to get overall reform done.”