Issue Position: Patriot Corporations

Issue Position

It is time to rekindle the spirit of patriotism and encourage corporations that commit to America and American workers. The Patriot Corporations of America Act would do so by rewarding companies which invest in our nation's economic future. And, it would do so in a revenue neutral way.

Instead of providing corporations incentives to slash benefits, offshore their finances, and outsource jobs, the Patriot Corporations Act would encourage American corporations to meet standards that would create a rising tide for all.

Those companies that choose to participate in the Patriot Corporation program would be provided with preferential treatment in government contracting and a 5% tax rate reduction for pledging their allegiance to our country by meeting a few no-nonsense standards.

To qualify, Patriot Corporations would need to:

They would need to produce at least 90% of their goods and services in the United States and do at least 50% of their research and development in the United States.

Limit top managements' compensation to no greater than 100 times - or 10,000% - of that of their lowest-compensated full-time workers.

Patriot Corporations would commit to their workers by:

Contributing at least 5% of payroll to a portable pension fund and by paying for at least 70% of the cost of health insurance plans.

Finally, Patriot Corporations would:

Comply with federal regulations regarding the environment, workplace safety, consumer protections and labor relations, including maintaining neutrality in employee organizing drives.

And, the incentives would be paid for by closing corporate offshoring loopholes and reining in some of the new tax breaks for millionaires.

Patriot Corporations would be leaders in creating a new patriotic corporate ethic in America - one that unites workers and their employers in the mutual goal of building a stronger, more prosperous, more democratic business sector that can vigorously and proudly compete in the twenty-first-century global economy.

Patriot Corporations would create a new class of companies committed to uphold the dignity and prosperity of American workers as well as to selling their goods in the American market and around the world.

Patriot Corporations are an expression of the American spirit of our fore fathers and mothers when they took that brave step of declaring our independence and creating the United States of America.

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