WCCO DEBATE: McFadden would have voted against thousands of Minnesota education jobs
Investment banker Mike McFadden would have chosen to support tax breaks for companies that ship jobs overseas over creating and supporting about 2,800 education jobs.
McFadden attacked Sen. Franken multiple times for voting for a bill in 2010 that would have saved 2,800 Minnesota education jobs. The bill was paid for in part by ending tax breaks for companies that ship jobs overseas.
Sen. Franken voted to end these tax breaks because he believes they’re wrong. Sen. Franken also believed that supporting Minnesota jobs during one of the worst parts of the recession was critical.
MCFADDEN ATTACKED FRANKEN-BACKED LEGISLATION THAT CLOSED TAX LOOPHOLES FOR COMPANIES THAT SHIP JOBS OVERSEAS AND USED THAT MONEY TO HELP SAVE APPROXIMATELY 2,800 MINNESOTA EDUCATION JOBS
McFadden Attacked Franken For Voting To Close Tax Loopholes For Companies That Ship Jobs Overseas. Two different McFadden ads have attacked Franken for an August 2010 vote for a bill that was paid for in part by closing tax breaks for companies that ship jobs overseas. According to MinnPost, “The long-awaited measure contains $10 billion to underwrite jobs for teachers — among other crucial funding — and lawmakers want the money in place when fiscal year 2011 starts on Oct. 1. Minnesota’s projected share: $168 million in ‘edujob’ funds and $263 million in additional Medicaid dollars. Pro-rated by Minnesota’s average teacher salary and benefits (59,000 a year), the education funds could hire — or retain — about 2,800 educators … ‘Ensuring that Minnesota can maintain our education and health care standards during these tough economic times is imperative,’ said Al Franken, a member of the Senate committee that crafted the bill. ‘The vote in the Senate…clears the way for the jobs bill to save thousands of education jobs and help prevent further cuts to important programs like Medical Assistance.’” [WCCO, 9/10/14; McFadden Press Release, 9/16/14; Vote 228,8/5/10; MinnPost, 8/6/10; Washington Post, 8/5/10]
Bottom Line: Supporting this bill is a no brainer. But Mike McFadden will always put profits over people.