American Prospect: Even the CBO Says the GOP Tax Reform Will Incentivize Corporate Offshoring

In December, House Speaker Paul Ryan published on his website that the Tax Cuts and Jobs Act benefits “job creators of all sizes” as it “Prevents American jobs, headquarters, and research from moving overseas by eliminating incentives that now reward companies for shifting jobs, profits, and manufacturing plants abroad.”

Observers like the Institute on Taxation and Economic Policy and the Tax Policy Center pointed out that that wasn’t the case. Read more