“Our government is directly offshoring too many American jobs, and that must change,” he says.
The bill sets a three-year phase-in schedule for the policy, with American content requirements set at 50 percent in the first fiscal year after enactment and 60 percent in the second. H.R. 1524 would also set an 85 percent American content requirement for companies that use the Investment Tax Credit and the Production Tax Credit.
“I think most American taxpayers would agree that it is a rather moderate expectation when we’re using their money – money that will create jobs somewhere,” Mr. Garamendi says. “When we make it in America, we provide pathways to the middle class and encourage our best and brightest to reinvent America’s economy for the better.”