No Tax Breaks for Outsourcing Act
Key claim: The No Tax Breaks for Outsourcing Act (HR995) was referred to the House Ways and Means Committee and seeks to end tax benefits associated with outsourcing.
Abstract
(HR995 · 119th Congress) Latest action (2025-02-05): Referred to the House Committee on Ways and Means.
Why this matters
The bill signals continued congressional interest in reshaping the corporate tax treatment of multinational operations, targeting provisions perceived to favor moving jobs or profits offshore. Its referral status means no substantive change yet, but it establishes a placeholder in the outsourcing-incentives sub-topic that would shift who pays more (multinationals with foreign operations) versus less (domestic-only firms) if advanced.