- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Ways and MeansIntroducedApril 6th, 2017
- house Committees
There’s no reason for the federal government to give tax breaks to businesses that ship American jobs overseas. This bill would level the playing field for small businesses while generating some modest, but not inconsequential, tax revenue for the federal government.
This bill would ultimately punish American businesses and make it less likely that they’d be able to expand their U.S. operations because of increased taxes. Besides, an estimated $2 billion per year isn’t a significant amount of tax revenue in the grand scheme of things.