TOLEDO, OH – Today, U.S. Senator Sherrod Brown (D-OH) joined Toledo autoworkers and community leaders at UAW Local 12 as he leads legislation to support Ohio’s auto industry and keep auto jobs in the U.S. Brown introduced legislation after General Motors recently announced plans to build the new Chevy Blazer in Mexico on the same day the company ended the second shift at a plant in Lordstown, Ohio.
Brown’s bill, the American Cars, American Jobs Act, would:
- Give customers a $3,500 discount when they buy cars made in America. This would cover all passenger vehicles made in Ohio and nearly 100 cars and trucks nationwide.
- Revoke a GOP tax cut on overseas profits from auto manufacturers that ship jobs overseas.
“There are two simple parts: customers who buy cars made in America get a discount and corporations that send jobs overseas lose a special tax break,” Brown said. “We shouldn’t be handing out 50 percent off coupons to companies that send jobs overseas.”
Brown’s bill would benefit Ohio companies and workers throughout the auto supply chain. The legislation would put U.S.-made cars on equal footing with foreign-made vehicles and update the tax code to remove incentives for auto companies to offshore jobs. Learn more about the bill HERE.
Specifically, Brown’s bill would establish a targeted, temporary program to provide customers with a $3,500 deduction on a purchase or 5-year lease of a qualifying new, American-made passenger vehicle. Qualifying vehicles must be assembled in the U.S. and contain at least 45 percent of materials from the U.S. and Canada. Nearly 100 vehicles, including all passenger vehicles made in Ohio, qualify for the program.
The bill would also revoke a tax cut on overseas profits from auto companies that send jobs overseas. The GOP tax law allows some overseas profits to be taxed at a lower 10.5 percent rate, instead of the full 21 percent corporate rate. This bill would tax those overseas profits at the full 21 percent rate for auto companies that cut American jobs since the tax bill passed and increase jobs overseas.
Brown was joined at UAW 12 by local president Bruce Baumhower and Tonia Saunders from the Lucas County Department of Planning and Development.
“American autoworkers can stack up against anyone in the world when given a level playing field. Sen. Brown’s bill will provide important support for the American auto industry and the autoworkers who support it,” said Bruce Baumhower, President, UAW Local 12.
More information on Brown’s bill can be found here.