THE AMERICAN JOBS PLAN

With 8.2 million Americans looking for work and nearly 2 million private
sector jobs lost in the last three years, Democrats are fighting to
create good-paying jobs by investing in technology, manufacturing, and
infrastructure, while removing incentives that encourage the outsourcing
of U.S. jobs. The Democratic plan would keep America competitive in a
changing global marketplace by creating the jobs of the future, and
keeping good-paying jobs here at home.

**Remove incentives that reward companies for sending jobs overseas and
help American manufacturers.** Democrats would end multi-billion dollar
tax breaks and subsidies that encourage companies to ship jobs overseas,
and will close loopholes -- corporate tax shelters and foreign tax
havens -- that allow corporations to avoid paying their fair share. We
are fighting to pass the bipartisan Rangel-Manzullo-Levin bill (HR
1769), which would revitalize our manufacturing base by cutting taxes
for U.S. companies, including small businesses and farms, in order to
keep good-paying manufacturing jobs here at home. Democrats would also
give priority for government contracts to companies investing in
American jobs.

**Invest in innovation to create jobs for the future.** Democrats are
committed to fostering the emerging technologies that will create the
next wave of high-paying jobs. We would renew our national commitment to
innovation by investing an additional \$40 billion in science,
engineering, and mathematics R&D in order to promote the research
necessary to create new technologies, leverage public-private
partnerships that translate scientific breakthroughs into tangible
products, and train our future scientists and engineers. Democrats would
also strengthen and extend the R&D tax credit, and would develop a
national broadband policy to build the technological infrastructure
needed to stay competitive in the 21^st^ century.

**Spur U.S. job creation.** Democrats are fighting for a new jobs tax
credit that would give businesses \$3,000 for every job created in the
next two years by American manufacturers, small businesses, and other
industries affected by outsourcing. We are also fighting to curb
escalating health care costs to help extend coverage and enhance the
competitiveness of U.S. businesses. We would also create more than two
million jobs by modernizing and rebuilding our infrastructure, including
highways, transit, aviation, rail, port security, and clean water.

**Create the workforce of the future.** Democrats would ensure that our
workforce remains the best-trained in the world, and that our workers
possess the skills necessary to succeed in an increasingly
knowledge-based global economy. We are committed to increasing the
number of students studying science, engineering, and math at all
education levels, so that every American student has the opportunity and
training to pursue a career in the sciences. Democrats want to make
college more accessible by doubling Pell Grants to \$11,600 by 2011. We
would also increase funding for job training, and would ensure that
workers are trained for industries with an unmet demand for high-skilled
talent.

**Assist American workers hurt by outsourcing.** Democrats want to
extend unemployment benefits to the 2.9 million people who have
exhausted their benefits but still cannot find work. We would expand
trade adjustment assistance to high-tech workers and other service
workers who lose their jobs due to outsourcing, which would allow them
greater access to job training, health benefits, and job search and
relocation assistance. Democrats also want corporations to give workers
three months notice before they move jobs overseas.

**Enforcing trade agreements and upholding privacy protections.**
Democrats are committed to a trade policy that creates U.S. jobs,
protects workers' rights, and raises standards of living in the U.S. and
around the world. We would pursue fair trade strategies that open
markets, ensure a level playing field for American workers and
businesses, and strengthen critical domestic industries, such as our
manufacturing, intellectual property, and technology sectors. We would
also enforce existing trade obligations by pursuing well-documented
cases in the WTO and would press China and Japan to end currency
manipulation, which makes it harder for U.S. companies to stay
competitive. Democrats would also protect medical, financial, and other
personal data that is transmitted to countries lacking basic privacy
protections. 

![](media/image1.wmf)Office of House Democratic Leader Nancy Pelosi,
June 15, 2004

[www.HouseDemocrats.gov](http://www.HouseDemocrats.gov/) /
[www.DemocraticLeader.house.gov](http://www.DemocraticLeader.house.gov/)

[Sign up](http://democraticleader.ctsg.com/join/index.asp) to get other
fact sheets and updates!