Judy Baker for Congress

KOMU Video: Baker Seeks Tax Credit

CENTRALIA - Democratic Congressional candidate Judy Baker wants a tax credit for companies that create jobs.

Bill Hoover’s company, B & K Manufacturing Inc. is business as usual, but he hopes the Baker plan will keep the pallets and crates moving out his doors.

“A lot of my business comes from larger corporations and bigger companies that use our services and our goods, and if those jobs are kept here in the U.S. it will obviously increase our revenue and our business toward those companies,” Hoover said.

Hoover hopes Baker’s plan is implemented.

“Today I propose an initiative that will seek to stop the slide of job loss, specifically in the manufacturing sector,” Baker said.

Baker’s five step plan:

1) Crack down on companies that inflate prices and then write off the losses.

2) Close a loophole for writing off expenses associated with moving jobs overseas.

3) Restrict government research money to companies with at least 50 percent of manufacturing in the U.S.

4) Make permanent the tax credit for research.

5) Pay employers $1,500 for each new American-made job.

Baker said Missouri lost 13,000 manufacturing jobs just last year. She said she hopes this plan will help small business owners bring jobs back into the community.

“I think that sort of proposal is irresponsible when you look at the economy today and the crisis we’re in,” Republican U.S. Congress Candidate Blaine Luetkemeyer said.

Luetkemeyer believes other kinds of tax cuts would be a better way to keep jobs in the state.

Baker says she hopes her plan will create one million new jobs.

Reported by: Carly Robertson
Posted by: A. J. Bayatpour
Edited by: Matt Tarnawa

Paid for by Judy Baker for Congress 2008