FACT CHECK: Trump’s Tax Plan Actually Encourages Outsourcing
In St. Charles, Missouri, Donald Trump just blatantly lied when he said the Senate tax bill is “anti-offshoring and 100 percent worker.” This is far from the truth – these plans charge lower tax rates on foreign profits than domestic profits, which encourages outsourcing.
Numerous economic experts, including a former White House economic adviser to President George H.W. Bush, two former National Economic Council directors, and multiple think tanks have sounded the alarm that these tax policy changes would cause more outsourcing of American jobs. The AFL-CIO and the United Steelworkers have also identified this threat of more offshoring as their main reason for opposing the Republican tax plans.
“Donald Trump’s entire case for his tax plan is built on lies, and the American people aren’t going to be fooled,” said American Bridge spokesperson Andrew Bates. “The Senate Republican bill sells-out the American middle class and working families with job-killing incentives for companies to move operations overseas, breaking Trump’s number […]Read more after the jump.