When you hear anyone from the big multinationals or Wall Street using the word “reform,” watch out! The way they use the word, it means give them more and We, the People, get less. They want to “reform” Social Security, “reform” Medicare and “reform” the income tax code. And now they want to “reform” the taxes corporations pay on money made outside the United States. It’s like “reforming” an oak tree with an ax.
This new video from the United Steelworkers (USW) exposes how Mitt Romney and Bain Capital are profiting by selling out America's workers and shipping U.S. jobs to China.
In 2010, the Bain Capital-controlled Sensata Technologies bought Honeywell’s automotive onboard sensor business, including a Freeport, Ill., plant, where 170 workers were making a middle-class living. Says Tom Gaulrapp:
They came in and introduced the transition team, and the next bullet in the meeting was, “By the way, by the end of 2012 all the jobs in this plant will be moved to China.”
More than 13,000 workers represented by the Communications Workers of America (CWA) in 13 Western and Midwestern states are fighting for a fair contract at CenturyLink. Their contract was set to expire at midnight on Oct. 6, but workers stayed on the job under a temporary extension while they try to win a fair contract.
The workers—customer service agents, network technicians, Internet support workers and others—voted earlier by 88% to authorize a strike if a fair contract cannot be reached.
Instead of investing in the economy and creating jobs, the global elite super rich (the .001%) stashed their assets in offshore tax havens. Mitt Romney has offshore accounts in Australia, Bermuda, the Cayman Islands, Germany, Ireland, Luxembourg and Switzerland.
A new report from the Tax Justice Network estimates the amount of wealth sitting in offshore accounts is at least $21 trillion and as much as $32 trillion.
Given the choice between supporting American workers or the corporations that ship U.S. jobs overseas, Senate Republicans sided with the job exporters today and blocked a vote (56-42) on the Bring Jobs Home Act. That’s not a surprise to Senate Majority Leader Harry Reid (D-Nev.):
It's no surprise Republicans are on the side of corporations making big bucks sending American jobs to China and India. After all, their presidential nominee, Mitt Romney, made a fortune outsourcing jobs, too.
Some people get rich the old-fashioned way—hard work. Mitt Romney—Mr. 1%—got rich the new-fashioned, wrong way. As head of Bain Capital, he’d swoop down on companies like Ampad and GS Industries, pull out tens of millions of dollars in dividends, declare bankruptcy and kill thousands of jobs.
And that’s just the part of the story of how Romney got rich the wrong way. Check out our new Meet Mr. 1% website for a closer look.
Time is running out. Tomorrow (Thursday) the U.S. Senate will vote on the Bring Jobs Home Act (S. 3364 [formerly S. 2884]). Make your voice heard in the battle to stop corporate tax breaks for firms that export American jobs overseas and reward companies that bring jobs home.
Call your senators at 888-659-9401 and urge them to support the Bring Jobs Home Act.
U.S. voters across the political spectrum overwhelming have negative views of companies that outsource jobs to China and strongly support Buy America provisions, according to a poll released today by the Alliance for American Manufacturing. Voters also say strengthening manufacturing in the United States is a top economic priority and they back the creation of a national manufacturing strategy to better compete with foreign nations that already have them in place.