Additionally, the Institute on Taxation and Economic Policy notes, the 2017 Tax Cuts and Jobs Act, which slashed taxes for the superwealthy and benefited large businesses, included a loophole offering a 0% tax rate on a large proportion of profits generated by U.S. corporations overseas, creating added incentives for them to relocate their operations to other countries. Read more
October 23, 2020
The American Independent: Trump swears he’s bringing jobs back to the US. He’s done the opposite
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