The Halting International Relocation of Employment (HIRE) Act seeks to discourage outsourcing and promote job creation within the United States. It proposes a 25 per cent outsourcing tax on payments made to foreign workers for services used within the US.
The bill also removes the ability of companies to claim these outsourcing payments as tax-deductible expenses. The collected revenue will be channelled into a Domestic Workforce Fund designed to finance training and apprenticeship programs for American workers.
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