CWA urges Congress to pass "No Tax Breaks for Outsourcing Act"

The Republican corporate tax cut bill contained a provision that rewards and incentivizes the offshoring of more American jobs. In order to address this, CWA is urging Congress to pass the “No Tax Breaks for Outsourcing Act.” The bill, introduced this week by Rep. Lloyd Doggett (D-TX) along with more than 70 co-sponsors in the House and by Senator Sheldon Whitehouse (D-RI) in the Senate, would stop rewarding companies that ship jobs overseas and reverse the offshoring incentives embedded in the tax bill.

“Trump’s law encourages multinationals to invest abroad instead of here at home, putting America last. It is flat wrong that the corner pharmacy should have to pay a tax rate that is substantially higher on its operations than Pfizer does on its offshore operations.” Said Rep. Lloyd Doggett.

Many of the companies that are among the biggest beneficiaries of the Republican tax bill, such as AT&T and Wells Fargo, have closed American call centers and offshored US jobs. After shipping jobs overseas, these companies were gifted billions of dollars in new tax breaks while being encouraged to offshore even more American jobs in the future.

"As companies such as AT&T and Wells Fargo keep demonstrating, corporate America will keep siding with wealthy shareholders at the expense of fair treatment of their workers unless our elected officials step in," said CWA's Director of Legislation, Politics, and International Affairs Shane Larson. "These practices, including offshoring, won't just end on their own. We thank Rep. Doggett, Sen. Whitehouse, and their numerous co-sponsors for introducing this important legislation and for fighting for a fairer economy that works for all of us."

Links:

CWA Urges Congress to Pass "No Tax Breaks for Outsourcing Act" (CWA, Mar. 21, 2019)

Rep. Doggett, Sen. Whitehouse Introduce Bill to End Tax Breaks for Exporting Jobs, Profits (Congressman Lloyd Doggett, Feb. 27, 2019)