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Space Spotlights Need to Close Corporate Tax Loopholes that Ship Jobs Overseas

Press Release

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Date:
Location: Washington, DC

Taking a stand for Ohio's working families who are desperately seeking employment while watching their jobs shipped overseas, U.S. Rep. Zack Space (OH-18) today highlighted recently-passed legislation that would end the corporate tax loophole that incentivizes such outsourcing.

"This disastrous loophole has been allowed to devastate Ohio's workers and manufacturing industry for far too long, and it needs to end now," said Space. "It's not just our workers that pay the price for this unjust policy, but all American taxpayers -- who end up with the check. The days of big corporate interests benefiting on the backs of my constituents cannot be allowed to go on any longer."

The American Jobs and Closing Tax Loopholes Act (H.R. 4213), which passed the House of Representatives last week, closes existing tax loopholes and enforces corporate accountability. These tax loopholes, if left open, would continue to subsidize companies that move American jobs overseas, which has long been detrimental to Ohio's manufacturing economy.

Space says that the Senate must now immediately act on this legislation.

Congressman Space has represented Ohio's 18th Congressional District since 2007. He has been working to restore integrity to the office, and to create the conditions to bring new industry and jobs to Ohio. Recently, Congressman Space launched FIGHTING TO RENEW OHIO, the second phase of his plan to provide long-term economic growth in Ohio's 18th Congressional District.

More information on FIGHTING TO RENEW OHIO is available at http://space.house.gov/RENEW.


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