Companies shipping American jobs abroad to lose tax cuts

Source: Senator Joe Donnely - (D - IN)

Washington, D.C. - October 23, 2017 - (The Ponder News) -- The Senate has agreed with U.S. Senator Joe Donnelly in affirming that companies that ship American jobs to foreign countries shouldn’t get tax breaks. Following a Donnelly speech on the Senate floor calling for support, the Senate unanimously adopted Donnelly’s amendment. A budget resolution is non-binding, but does serve as a blueprint and statement of congressional priorities.

Transcript of Donnelly’s speech in the Senate today:

I rise today in support of the amendment I offered to address the outsourcing of American jobs.

Currently, American companies that ship jobs to foreign countries can still claim massive tax breaks. That’s wrong and we should claw back incentives and prohibit companies from receiving tax breaks for outsourcing jobs.

My End Outsourcing Amendment is common sense for taxpayers—supporting companies that invest in American workers, not those shipping jobs to foreign countries. I urge all of our colleagues to support my amendment.

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