Senator Introduces Bill For $3,500 Discount On American Cars

By Sahid Fawaz

One senator wants to give consumers a strong incentive to consider American cars.

Cleveland.com reports:

“Sen. Sherrod Brown [D-Ohio] wants the federal government to give a $3,500 discount to buyers of American-made cars and trucks, under legislation he introduced . . .

The price cut would be paid for by doubling the tax rate on foreign profits from some auto companies to 21 percent, the full U.S. corporate tax rate. The 21 percent corporate tax rate, and the lower rate on foreign corporate profits, both were part of the sweeping GOP congressional tax plan President Donald Trump signed last December.

On Tuesday, Brown pitched his bill as a way to unwind some of the economic forces that led General Motors in June to lay off 600 workers at a plant in Lordstown, near Youngstown. The layoff, which eliminated the plant’s second shift, went into effect the same day the company announced it would build a new assembly plant in Mexico to make the Chevy Blazer, an SUV.

‘I contend that if this bill were law right now, I don’t think GM would be going to Mexico to make its Chevy Blazer and build a new plant,’ Brown said. “I contend they’d re-tool the plant in Lordstown or elsewhere, and make the Chevy Blazer here . . .’

Brown’s proposed program would be voluntary for auto dealers, and the $3,500 discount would be applied through government vouchers. ”

For the rest of the story, visit Cleveland.com here.

Subscribe to the Nations largest union directory and blog site!


By submitting this form, you are consenting to receive marketing emails from: Senders Communications Group, 21201 Victory Blvd. #235, Canoga Park, CA, 91303, http://www.sendersgroup.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Featured Posts:

Giving Thanks: Labor 411’s 2018 Eagles

The world of labor has absorbed its share of body blows in 2018. We’ve already run down our list of ...
Read More

Labor 411’s 2018 Turkeys of the Year

2018 saw its share of bad players. As the stock market skyrocketed, the rich got richer while the marginalized continued ...
Read More
The Westin

Leave a Reply