New Bill would end provisions in TCJA that Reward corporations that ship Jobs Overseas
Today, Congressman Lloyd Doggett (D-TX) and Senator Sheldon Whitehouse (D-RI) introduced the No Tax Cuts for Outsourcing Jobs Act of 2025, eliminating harmful tax provisions that encourage multinational corporations to shift profits offshore and outsource jobs. While Trump and his GOP allies in Congress created these outsourcing provisions in 2017 and continue to defend them to this day, the situation has gotten worse. Hours into his presidency, Trump signed an executive order withdrawing the U.S. from the Organization for Economic Cooperation and Development (OECD)’s global tax deal. This move will allow U.S. companies to continue to take advantage of these outsourcing provisions and fail to protect American jobs. In response, Americans for Tax Fairness released the following statement.
“ATF applauds Rep. Doggett’s effort to repeal one of the most egregious elements of the Trump tax scam. We must eliminate corporate offshore tax incentives that reward companies for eliminating good American jobs. This legislation would keep good-paying jobs stateside, grow the economy, and generate more revenue for crucial public investments,” said David Kass, ATF Executive Director. “Profits from American consumers should be taxed domestically, not hidden in offshore havens to enrich wealthy executives and shareholders. Despite his rhetoric, Trump has consistently created offshoring incentives that enable his wealthy donors to ship U.S. jobs overseas. His broader tax policy has redirected trillions of dollars away from working Americans. The No Tax Breaks for Outsourcing Act aims to end these corporate tax breaks and restore domestic jobs.”