No Tax Breaks for Outsourcing Act

# No Tax Breaks for Outsourcing Act Summary **What the Bill Would Do:** This bill would eliminate certain tax deductions and credits that U.S. companies can currently claim when they move jobs or business operations overseas. Specifically, it would prevent corporations from deducting expenses related to outsourcing activities from their taxable income, making it more expensive for companies to relocate operations internationally. **Who It Affects:** The bill primarily targets large U.S. corporations that outsource jobs to other countries.

It could also indirectly affect consumers (through potential changes in business costs) and workers in industries where outsourcing is common. The legislation is sponsored by Rep. Lloyd Doggett, a Democrat from Texas. **Current Status:** As of now, the bill is in committee and has not advanced further in the legislative process. This means it remains in the early stages and would need committee approval before being considered by the full House of Representatives.