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Lautenberg voted in favor of massive tax breaks for multinational corporations and special interests that send jobs overseas instead of investing in employment for New Jersey. 

• Frank Lautenberg voted for S1637 in 2004 that would allow companies to avoid at least $3.3 billion in taxes (according to the Joint Committee on Taxation).
• The New York Times said that this bill would be more likely to result in layoffs than create jobs. http://www.nytimes.com/2005/01/30/opinion/30sun1.html
• Senator Ernest Hollings (D-SC) said “Here is a bill entitled…the JOBS Act. It jump-starts the jobs in Shanghai and Guadalajara and not in Philadelphia, PA…”

Lautenberg’s company is on Lou Dobb’s “Exporting America” list.

• Automated Data Processing is listed as one of the companies “confirmed [as] ‘Exporting America’….These are U.S. companies either sending American jobs overseas, or choosing to employ cheap overseas labor, instead of American workers.” Get the facts here.

Frank Lautenberg has voted for bad trade deals that lack tough wage, human rights and environmental standards, and have sent New Jersey jobs overseas.

• Frank voted to create the WTO. Senator Lautenberg joined the majority of Senate Republicans, and voted FOR the creation of the World Trade Organization (WTO.) The WTO system of corporate-managed trade is focused on corporate profits and undermines labor and wage protections.[Source:  HR 5110, Senate vote #329, 12/1/94
• Frank voted for permanent, unquestioned trade rights for China. Senator Lautenberg voted FOR eliminating an annual review of China trade policies, and to instead grant permanent, unquestioned trade rights for China – even though the Economic Policy Institute estimated that 900,000 U.S. jobs would be lost. [Source:  HR 4444, Senate vote #251, 9/19/00; Economic Policy Institute, 2000]

• Senator Lautenberg voted FOR a NAFTA-like trade deal with Peru, even as many pointed out that Peru had not yet changed many of its anti-worker labor laws. [Source: HR 3688, Senate vote #413, 12/4/07]

New Jersey ranks dead last in the amount of money it gets back from the federal government.

• For every tax dollar New Jerseyans pay to the IRS, the state receives only 61 cents back for highways, federal grants, social programs and other things that benefit New Jerseyans. Thirty-two states get more than $1 return on every tax dollar they send to Washington, with New Mexico leading the way at $2.03 coming back to the state from Washington, according to the nonprofit Tax Foundation. Our neighbor Pennsylvania gets $1.07 back for every $1 Pennsylvanians send to Washington. [Source: Courier-Post 1/23/08]

Senator Lautenberg holds up to $1.1 million in oil and natural gas interests, but refuses to come clean.

• "At a time when people in New Jersey and across the nation are being walloped by the soaring prices at the gasoline pump, it appears that Sen. Lautenberg is reaping some of the big oil companies' profits," Andrews said. "There's a question here of to what extent the senator is profiting off of the windfall profits of the oil companies that are gouging the American people. He should do the right thing and make his tax returns public so the voters can see how much his financial interests in oil are."
  
  Lautenberg's refusal to release his tax returns is a blatant contradiction of his position in the 2002 Senate campaign, when Lautenberg accused his Republican opponent of trying to hide his tax returns because of his financial interests in the pharmaceutical industry. At that time, Lautenberg said, "Let him (Doug Forrester) lay down his tax reports, show good faith to the people and say, 'This is what I made.' (He says) he's not profiteering. Let him prove it. That's all we want."
  
  According to Lautenberg's 2006 Senate disclosure form:

  • Lautenberg's spouse owns as much as $1 million in stock in Copano Energy, a natural gas and energy company.
  • Lautenberg personally owns as much as $2000 in BTA Oil Producers.
  • Lautenberg's spouse owns as much as $50,000 in Anadarko Petroleum Corporation.
  • Lautenberg's spouse owns as much as $50,000 in Marathon Oil Company.
  • Lautenberg's spouse owns as much as $15,000 in Pacific Energy Partners

 

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Paid for and authorized by Andrews for Senate.