President Trump's tax bill is a massive giveaway to the wealthiest and the top 1%, paid for by working families. But that's not all the awful policy contained in the tax bill; also hidden inside are actual incentives for companies to offshore jobs. Now, Democrats in Congress are rolling out legislation to crack down on these offshoring incentives and keep jobs in the U.S.
Congressman Lloyd Doggett (D, TX-35) and Congresswoman Rosa DeLauro (D, CT-3) this week introduced the No Tax Breaks for Outsourcing Act with Senator Sheldon Whitehouse (D-RI).
The legislation, which CWA supports, would level the playing field for domestic companies by ensuring that multinational corporations pay the same tax rate on profits earned abroad as they do in the United States. The bill would end tax incentives created by President Trump's tax law to outsource jobs and shift profits offshore.