Sen. Sherrod Brown proposes tax law change to punish companies who export jobs to other countries

Sen. Sherrod Brown proposes tax law change to punish companies who export jobs to other countries

LORDSTOWN, OH (WOIO) - The workers here at the GM Lordstown Plant are not sitting around idle.

'Vigil' held at Lordstown GM plant

They are hoping and praying Mary Barra, the Chairwoman and CEO of General Motors. reverses her decision to close the Chevy Cruze plant.

“We’re asking that your mercy and your grace will b e extended to Lordstown family,” said one auto worker during a vigil at the plant.

“I’m very optimistic. I think that with the workforce and what we’ve done here in the last 52 years. We’ve (shown) GM that we can build anything.” said U.S. Sen. Sherrod Brown (D-Ohio).

Brown says he has asked President Trump to support the American Jobs Act. “It would eliminate the tax break that was in the president’s corporate tax giveaway a year ago, which says to a company: 'If you shut down production in Youngstown and move overseas, you’ll get 50% off your taxes.”

“The president seems committed to the idea to wanting to keep these jobs in the United States. We’re talking to GM at the same time to work with them getting another car perhaps a different model into Lordstown,” said Brown.

Brown says his proposal would change the tax laws to take away incentives for companies shutting down in America and moving overseas. GM has plans to open a facility in Mexico and ship vehicles into the U.S., saving the company $6 billion, while cutting more than 15,000 jobs at five plants in Canada and the U.S.

GM is running in the black by billions of dollars, but the giant automaker says it wants to invest billions into trucks, SUVs, electric and self-driving vehicles.The five GM plants in the U.S. and Canada are scheduled to be idled in early 2019.

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