Democrats on the House Ways and Means Committee have introduced a bill to provide tax credits to businesses that brings jobs and business operations back to the U.S. from abroad.
To pay for the cost of the bill, the Bring Jobs Home Act would end a tax deduction for companies that outsource jobs and business activity. The cost of moving personnel and components of a company to a new location is defined as a business expense that qualifies for a tax deduction, and the bill would tigtehn these requirements.
My opinion is that this bill will be D.O.A. (Dead On Arrival)!