GOP senator drops hammer on companies shipping jobs overseas with crucial bill: 'Those days are over'
Fox News
Ohio senator Bernie Moreno introduces the HIRE Act, proposing a 25% tax on companies that outsource jobs overseas to foreign workers and contractors.
Andrew Mark Miller is a reporter at Fox News. Find him on Twitter @andymarkmiller and email tips to AndrewMark.Miller@Fox.com.
The bill also includes anti-abuse language to prevent tax avoidance via U.S. territories and requires U.S. firms to fully disclose all outsourcing payments and contracts. Companies will also be prohibited from deducting any outsourcing payments.
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