Proposal: Incentivizing Domestic Job Creation and Penalizing Non-Repatriation for Government-Contracted Businesses
Objective:
To establish a set of benefits for companies that commit to keeping jobs within the United States and a framework of penalties for businesses that fail to repatriate outsourced jobs while receiving local, state, and federal government contracts. This approach will prioritize American job creation and ensure that taxpayer dollars support businesses contributing to U.S. economic growth.
Benefits of Keeping Jobs Within the U.S:
Enhanced Eligibility for Government Contracts:
- Companies that commit to keeping jobs in the U.S. will receive priority in the bidding process for government contracts.
- A “Domestic Job Preference” rating will be created, rewarding businesses with proven records of U.S.-based employment, granting them an edge in the contracting process.
- Tax Incentives and Financial Support:
Qualifying companies can receive tax credits for each job repatriated or newly created within the U.S., as well as tax deductions for costs associated with relocating jobs from overseas. Additional grants and subsidies will be available to cover costs related to hiring, training, and workforce development to strengthen domestic employment.
Public Recognition and Corporate Reputation Boost:
- Companies keeping jobs within the U.S. will be featured in a government database as “America First Employers,” which can enhance their reputation and brand value.
- Highlighting these companies as preferred government contractors will not only build public goodwill but also increase consumer trust and loyalty.
Streamlined Permitting and Regulatory Support:
- Businesses that maintain a majority U.S.-based workforce will be eligible for faster permitting processes and support in navigating regulatory requirements.
- This streamlined process will help companies operate more efficiently within the U.S., saving time and resources on regulatory compliance.
Penalties for Non-Compliance and Failure to Repatriate Jobs will mean Loss of Government Contracts:
- Companies that fail to repatriate jobs or maintain a significant portion of their workforce within the U.S. will be ineligible for local, state, and federal government contracts.
- Any ongoing government contracts will be reviewed, and non-compliant companies may have their contracts terminated if they do not take corrective action within a specified timeframe.
Repayment of Financial Benefits: - Companies that previously received tax breaks, grants, or subsidies as incentives for job repatriation but later fail to meet requirements will be required to repay these benefits.
- Financial penalties will be imposed, scaled to reflect the amount of taxpayer support the company received.
Additional Fines Based on Outsourcing:
- Fines will be imposed on companies that continue outsourcing jobs after accepting government contracts. These fines will be proportional to the percentage of outsourced jobs relative to total workforce size.
- Repeat offenders will face escalated fines and potential exclusion from government contracts for extended periods.
Increased Scrutiny and Reporting Requirements:
- Companies found non-compliant will be required to submit frequent reports on job locations and workforce composition, with increased oversight to ensure adherence to domestic employment standards.
- Public reporting of non-compliance will be available through a government-maintained database, giving consumers and other businesses insight into companies’ employment practices.
Conclusion
This proposal establishes a balanced approach to strengthen domestic employment by offering substantial benefits to companies that keep jobs in the U.S., while imposing significant penalties on those that fail to repatriate jobs. By aligning taxpayer-funded contracts with businesses that support American workers, we can ensure that government spending contributes directly to U.S. economic stability, growth, and workforce resilience.