BUFFALO (WBEN) - New York State Senator Kirsten Gillibrand made a stop in Western New York Friday afternoon at UAW Region 9 to introduce legislation that would curb outsourcing jobs overseas.
.@SenGillibrand is announcing the introduction of legislation that would prohibit federal incentives for outsourced jobs. She says the End Outsourcing Act would protect American jobs by rewarding companies that decide to invest in the United States. @NewsRadio930 pic.twitter.com/lKGXTAiPtW
— Brendan Keany (@BrendanKeany) March 6, 2020
Gillibrand introduced her new legislation, the End Outsourcing Act, which she says would protect domestic jobs by closing a current tax loophole that allows companies to expense the cost of sending jobs overseas, which would essentially prohibit federal incentives for outsourced jobs.
"Over the last few decades, we've seen a nationwide in domestic manufacturing," said Gillibrand. "This decline has been caused by companies going overseas and trying to put their place of business in low-wage countries. New York, and particularly Buffalo, has felt the negative effects of these losses."
According to Gillibrand's office, more than three million Americans have lost their jobs to China between 2001 and 2015.
"In the early 2000's, Upstate New York lost over 100,000 manufacturing jobs in an eight-year period, and nearly a quarter of those jobs lost were right here in Buffalo," she continued.
Specifically, the legislation would require companies to pay back federal tax incentives and grants from facilities closed due to outsourcing within a five-year period, prohibit companies who outsource from benefiting from federal tax incentives, offer a tax credit for companies to bring jobs back to the United States, and enforce mandatory disclosures on loan or grant applications for companies who outsourced within the last three years.
