AFL-CIO: GOP Defeats ‘Stop Outsourcing of American Jobs’ Amendment

Labor News

Reprinted from The AFL-CIO’s blog Now on November 8, 2017. It is unattributed.

When the House Ways and Means Committee debated the GOP tax bill Tuesday, Republicans voted down the “Stop Outsourcing of American Jobs” amendment offered by Representative Lloyd Doggett (D-Texas).

The “Stop Outsourcing of American Jobs” amendment would require that multinational corporations looking to invest offshore pay the same tax rate as small businesses or domestic companies investing here in America. The amendment was defeated on a party-line vote, with 16 Democrats voting in favor and 23 Republicans voting against. …

Under the Republican tax bill, a small business that creates jobs on Main Street USA would pay US taxes on its profits at a rate of 20%, while a big corporation that outsources those same jobs to Ireland or Switzerland would pay NO US TAXES on the profits it earns from outsourcing. The Doggett amendment would apply the same US tax rate to profits from outsourced operations and domestic operations. …

AFL-CIO Now 11/8

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