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Ohio senator introduces 25% tax on companies that outsource jobs overseas
Ohio Republican Sen. Bernie Moreno is introducing legislation to penalize U.S. companies that hire overseas while at the same time developing work programs stateside.
The bill also includes anti-abuse language to prevent tax avoidance via U.S. territories and requires U.S. firms to fully disclose all outsourcing payments and contracts. President Donald Trump signs an executive order in the Oval Office of the White House in Washington, DC, US, on Thursday, Jan. 30, 2025( Bonnie Cash/UPI/Bloomberg via Getty Images) "While college grads in America struggle to find work, globalist politicians and C-Suite executives have spent decades shipping good-paying jobs overseas in pursuit of slave wages and immense profits—those days are over," Moreno told Fox News Digital in a statement.
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