Rep. Kathy Hochul (D., N.Y.) recently attacked her election opponent
for allegedly outsourcing American jobs, yet Hochul has personally
profited from investments in companies, such as her own family’s, that
outsource to, and do business with, China, India, and Russia.
Chris Collins, Hochul’s Republican opponent in the race for New York’s 26th congressional district, has come under fire from Hochul and Democrats for allegedly outsourcing American jobs to China.
But a close look at Hochul’s personal financial disclosure form for 2011 shows net assets totaling between about $1 million and $2.25 million, but she could be worth much more, thanks to two blind family trusts, about which she has thus far refused to disclose any details.
Her family wealth comes from the Computer Task Group (CTG), a company that her father cofounded. CTG admitted as recently as last year to outsourcing jobs to Russia.
“In the past few years, more companies started using or are considering using low cost offshore outsourcing centers to perform technology-related work and complete projects,” the company stated in its last annual report to the SEC. “Currently, we have partnered with clients to perform services in Russia to mitigate and reduce this risk to our Company.”
CTG regularly does business with companies like the China Steel Corporation and the Chengdu Seamless Steel Tube Plant.
Read more: http://freebeacon.com/outsourcing-attack-backfires/
Chris Collins, Hochul’s Republican opponent in the race for New York’s 26th congressional district, has come under fire from Hochul and Democrats for allegedly outsourcing American jobs to China.
But a close look at Hochul’s personal financial disclosure form for 2011 shows net assets totaling between about $1 million and $2.25 million, but she could be worth much more, thanks to two blind family trusts, about which she has thus far refused to disclose any details.
Her family wealth comes from the Computer Task Group (CTG), a company that her father cofounded. CTG admitted as recently as last year to outsourcing jobs to Russia.
“In the past few years, more companies started using or are considering using low cost offshore outsourcing centers to perform technology-related work and complete projects,” the company stated in its last annual report to the SEC. “Currently, we have partnered with clients to perform services in Russia to mitigate and reduce this risk to our Company.”
CTG regularly does business with companies like the China Steel Corporation and the Chengdu Seamless Steel Tube Plant.
Read more: http://freebeacon.com/outsourcing-attack-backfires/
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