Auto Industry Takes Front Seat at Senate Finance Hearing

Youngstown Business Journal

WASHINGTON — During a Senate Finance Committee hearing Wednesday, U.S. Sens. Sherrod Brown and Rob Portman touted bills they’ve each proposed in an effort to aid the auto industry in the United States, specifically in Ohio.

Brown, D-Ohio, received support for his proposed American Cars, American Jobs Act from an executive with the United Autoworkers. The union’s legislative director, Josh Nassar, was at the committee hearing, which focused on the American auto industry. He said that Brown’s bill that was introduced in August would “absolutely” help keep auto jobs in the United States.

During the hearing, Brown denounced General Motors’ decision to halt the second shift at GM’s Lordstown plant while announcing plans to build the new Chevrolet Blazer in Mexico.

“Do you agree GM’s decision is proof that our policies don’t do enough to encourage U.S.-based production?” Brown asked Nassar.

“It’s absolutely proof, and it’s proof we’ve seen time and time again,” Nassar responded.

If passed by Congress and signed into law by President Donald Trump, the American Cars, American Jobs Act would temporarily provide car buyers with a $3,500 discount when they purchase or enter into a five-year lease for one of 100 cars and trucks manufactured in America, including all passenger vehicles made in Ohio. It would also revoke a tax break included in the Tax Cuts and Jobs Act of 2017 that Brown said gives companies an incentive, including automakers, to manufacture products outside the United States.

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Auto Industry Takes Front Seat at Senate Finance Hearing »