LIMA, OH – Today, U.S. Senator Sherrod Brown (D-OH) joined Lima autoworkers, business and civic leaders at UAW Local 1219 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 1219 by local president Mike Copeland, Lima Mayor David Berger, and Lima/Allen County Chamber of Commerce President and CEO Jed Metzger.
“At our engine plant, we machine and assemble less of the finished product today than we ever have in the past, resulting in fewer good jobs for our community. It is especially heartbreaking to hear about UAW layoffs in our own state, when there is such a great demand for U.S. brand vehicles. We need a level playing field to compete with foreign manufacturers while continuing to provide a quality product and maintain a safe work environment for our UAW sisters and brothers. The U.S. auto industry has made a magnificent recovery on the backs of hard working people across the country and the future of the American worker and American consumer must be a priority. We are in the fight of our lives for every job, every day; the American Cars, American Jobs Act, introduced by Senator Brown, will help us fight for those jobs,” said President Copeland.
“The American Cars, American Jobs Act of 2018 would positively impact all of our regional automotive jobs and suppliers. The bill would make our American companies more competitive with foreign auto workers and make it more costly for companies to choose to offshore their production overseas, thusly maintaining and creating more jobs for American workers,” said Jed Metzger.
More information on Brown’s bill can be found here.