« Angora Rabbit | Main | Ever dreamed of owning your own yarn store? »
August 05, 2007
Now That's a Patriot Act
In the House, a "Patriot Corporation" would get tax breaks and preferences in federal contracting for employers who produce at least 90 percent of their goods and services in the US and with American workers. The companies must invest in research and development domestically, provide adequate health care and pensions and--surprise--comply with federal laws like workplace safety, environmental protection and consumer regulations.
The Senate's "Patriot Employers" version would give a 1 percent tax credit on taxable income for companies that maintain or increase their US employment in relation to their overseas workers. They must also keep their corporate headquarters in the US. The Senate bill adds a "living wage" requirement. Its initial co-sponsors are Sherrod Brown of Ohio and Dick Durbin and Barack Obama of Illinois. Obama's sponsorship, I would guess, may attract other celebrated names.
Read entire article by Willian Greider in the Nation
Posted by cat at 12:56 PM