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Showing blog posts tagged with offshoring American jobs

Statistics that Spin: Foreign Goods to Be Considered U.S. Goods?

Illustration from Educating Humanity

This past year, President Barack Obama’s commitment to rebuilding our nation’s manufacturing sector has taken center stage. In February, he explained why producing goods here at home is important to our country:

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Musicians Strike Up the Band to Make Lionsgate ‘Listen Up’

Musicians Strike Up the Band to Make Lionsgate ‘Listen Up’

Yesterday, we told you how musicians who make the music for scores that are so vital to a movie’s story and success are coming together to challenge production companies like Lions Gate Entertainment (Lionsgate) that are shipping American musicians ’ jobs overseas. Here are some photos from the kick off actions of the American Federation of Musicians of the United States and Canada (AFM) Listen Up campaign.

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Tell Lionsgate It Has the Score Wrong. Stop Sending Musicians’ Jobs Overseas

Tell Lionsgate It Has the Score Wrong. Stop Sending Musicians’ Jobs Overseas

One of the most iconic American symbols is the National Football League. This week Lionsgate Entertainment is releasing a movie about what is probably the second most popular day for football fans after the Super Bowl—“Draft Day.” But Lionsgate did something decidedly un-American for this film. It shipped American musicians’ jobs overseas—to Macedonia.

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AFL-CIO Executive Council Calls for Commitment to Broad-Based Wage Growth, Ending Job Export, Stopping Fast Track and More

Photo by The All-Nite Images via Flickr

The AFL-CIO Executive Council adopted several policy statements addressing wage growth and economic inequality, job outsourcing, Fast Track and trade,higher education and performers' rights at its winter meeting in Houston on Tuesday.

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Dave Johnson: If You Want to Reform Something, Reform the Trade Agreements

Dave Johnson: If You Want to Reform Something, Reform the Trade Agreements

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.

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Romney's Empire Built on Offshoring Jobs and Cutting Workers' Pensions

Photo courtesy of Gage Skidmore.

Mitt Romney’s bid for the presidency is built on the idea that his success in the leveraged buyout industry and the fabulous wealth he’s accumulated is evidence that he knows how to create jobs and foster economic growth. He argued in Tuesday night’s debate that we should just trust him when he says he can cut the deficit and cut taxes by 20% across the board because of his credentials as a leveraged buyout titan.

The problem with Romney’s argument is that the leveraged buyout business does not create jobs. The tax breaks that the industry relies on, like the discounted tax rate for capital gains and offshore tax shelters, add tens of billions of dollars each year to the deficit.

Today, The Nation is reporting on yet another example of how Romney and the shadowy private investment industry really makes its money—offshoring jobs, taxpayer subsidies and bailouts and cutting workers’ pensions.

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40% of America’s Workers Live Paycheck to Paycheck

2012_paycheck-3

America’s workers are existing on the edge of financial disaster: 40 percent say they live paycheck to paycheck, according to a recent CareerBuilder survey. Worse, 37 percent say they sometimes need to rely on the next payday to make ends meet. Although the percentage of those literally living for payday has decreased from 42 percent in 2011 and from 46 percent in 2008, the height of the recession, this is not good news.

In addition, the survey found:

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Tell Us What You Think: What's Romney Trying to Hide by Not Releasing His Tax Returns?

Tell Us What You Think: What's Romney Trying to Hide by Not Releasing His Tax Returns?

Unlike nearly every other presidential candidate, Republican Mitt Romney refuses to make public more than two years of tax returns. Today, the multimillionaire said he has paid a tax rate of at least 13 percent on his income in each of the past 10 years—but he still won't release his returns. Meanwhile, President Obama's returns have long been public and show he pays a 20 percent tax rate.

At a measly 13 percent, Romney, who is worth a quarter of a billion dollars, is paying significantly less in taxes than other high-income earners who pay 35 percent. Through the use of offshore tax shelters and other means, Romney pays a smaller tax rate than average taxpayers like nurses, firefighters and construction workers.

In more than three decades, no other nominees for either party—except Sen. John McCain (R-Ariz.)— have released fewer than five years’ worth of returns. Romney’s own father released a dozen years’ worth when he ran for the Republican presidential nomination in 1968.

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AFM Protests Marvel’s Not So Marvelous Outsourcing

Photo by Thomas Hawk/Flickr

Captain America wouldn’t take kindly to someone raking in U.S. taxpayers’ dollars and then turning around and shipping American jobs overseas. Neither does the American Federation of Musicians of the United States and Canada (AFM). But that’s exactly what Marvel Entertainment did with the musical score for its blockbuster, "The Avengers," and that’s why AFM members today will picket the Wilmington, N.C., location where Marvel (a Walt Disney Co. subsidiary) is shooting "Iron Man 3."

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Romney Business Model and Economic Policy: Blueprint for Weak and Unjust Economy

The business model on which Mitt Romney built his private-equity, outsourcing career and fortune at  Bain Capital “has made our economy weaker and our society more unequal; it has hollowed out our tax base, and it has wreaked havoc on our communities,” said the AFL-CIO Executive Council in a statement from its August meeting this week in Washington, D.C.

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