Biden Pitches Tax Penalty For Offshoring Jobs Ahead Of Michigan Visit

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Biden Pitches Tax Penalty For Offshoring Jobs Ahead Of Michigan Visit
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The move is part of a broader push to compete with President Trump’s “America First” rhetoric.

Ahead of a campaign stop in Michigan on Wednesday, Democratic nominee Joe Biden unveiled a new tax plan that would benefit companies that hire in the U.S., in his latest pitch to compete with President Trump’s “America First” rhetoric. ... [+]

The Biden campaign says companies will pay a “30.8% tax rate on any such profits” and that the penalty surtax will also apply to “call centers or services by an American company located overseas” that sell back to the U.S.

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