Card Stack
Why the GOP Tax Bill Is Bad for Working People
… … Should the Temporary Tax Cuts for Individuals Be Extended? … How Can the GOP Tax Act Be Fixed So It Doesn’t Incentivize Outsourcing? … No. Donald Trump and congressional Republicans rushed to pass the 2017 Tax Act in December 2017, leaving very … assets abroad. In February 2018, Sen. Whitehouse (D-R.I.) and Rep. Doggett (D-Texas) introduced the No Tax Breaks for Outsourcing Act , which would eliminate the GOP tax bill’s incentives for outsourcing by equalizing tax rates on domestic profits and offshore profits. More specifically, the bill would: Tax offshore …