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Old 07-23-2010, 01:38 PM   #1
TheSenator
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Join Date: Feb 2003
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Posts: 13,323
Why are Republicans/TeaBaggers/Independents against ""Make it in America Act of 2010"?

Why are Republicans/TeaBaggers/Independents against "Make it in America Act of 2010"?

"Make it in America Act of 2010" will put Americans back to work.



Source:
http://garamendi.house.gov/legislati...namerica.shtml
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* Buses, Rail Cars, Ferryboats: Make it in America Act of 2010 ? This bill would create American jobs by eliminating three waivers to the Buy America requirement and ensuring that taxpayer dollars are spent on American-made buses, rail cars, and ferryboats. Transit agencies would have to look to American manufacturers for their transportation equipment needs unless it increases costs by 25 percent or more, thereby putting welders, engineers, mechanics, electricians, technicians, and other Americans back to work.

* Manufacture Renewable Energy Systems: Make it in America Act of 2010 ? This bill would create American jobs by ensuring that taxpayer dollars are spent on American-made renewable energy systems, including solar, wind, geothermal, and biofuels. Phased over a four year transitional period, the bill requires the federal government and any state government buying renewable technologies with federal funds to purchase renewable sources of energy grown, produced, or manufactured with 100% domestic content. It also requires any company taking advantage of the Investment Tax Credit and the Production Tax Credit to buy 100% domestic content within four years after the bill becomes law.

* Close Foreign Tax Loopholes: Make it in America Act of 2010 ? This bill would create American jobs by closing nine corporate tax loopholes that encourage the abuse of the U.S. foreign tax credit system. This bill is a stand-alone measure that incorporates provisions from the American Jobs and Closing Tax Loopholes Act of 2010 (H.R. 4213), which passed the House as a two-part measure on May 28, 2010, and has been subsequently stalled in the Senate. These provisions were developed jointly by the Treasury Department, the Committee on Ways and Means, and the Senate Finance Committee to end abuses of the U.S. foreign tax credit system and other abuses. By closing foreign tax loopholes and discouraging the off-shoring of American jobs, this bill would strengthen the economy by eliminating $14.451 billion of loopholes.
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