February, 27 2018, 03:30pm EDT
Legislation Would Close Loopholes In Trump-GOP Tax Law that Incentivize Shifting Jobs/Profits Offshore
“No Tax Breaks for Outsourcing Act” would remedy Trump failure to stop manufacturing from disappearing offshore.
WASHINGTON
New legislation introduced today would end tax incentives that encourage multinational corporations to shift jobs and profits offshore that were enacted under the recent tax legislation pushed by President Trump and Republicans in Congress.
Sponsored by House Ways and Means Tax Policy Subcommittee Ranking Member Lloyd Doggett (D-TX), and Senate Finance Committee Member Sheldon Whitehouse (D-RI), the "No Tax Breaks for Outsourcing Act" would equalize the tax rates for profits booked at home and abroad rather than maintain the 21% rate on domestic profits and 10.5% on offshore profits, repeal the 10% tax exemption on profits earned from investments made offshore, and crack down on corporation inversions.
Frank Clemente, executive director of American for Tax Fairness, issued the following statement:
"The Trump-GOP tax giveaway legislation is a jobs killer. It cut in half the tax rate corporations will pay on offshore profits in general, but then it effectively eliminates taxes on offshore profits derived from new plant and equipment located offshore. This provides even more tax incentives than existed before for corporations to outsource U.S. jobs and shift profits offshore.
"It is critical to level the playing field so that U.S. workers and U.S. corporations are on an equal footing with the subsidiaries of U.S. corporations operating offshore. Otherwise, corporations will game the system created by this new tax law and working families, communities and Main Street businesses will pay the price.
"When running for president Donald Trump promised to stop U.S. manufacturing from disappearing overseas, but his tax plan will do the opposite. The 'No Tax Breaks for Outsourcing Act' is a critical remedy to ending the new Trump tax incentives that encourage corporations to outsource jobs and shift profits offshore."
Other organizations endorsing the legislation include the AFL-CIO; Alliance for Retired Americans; American Family Voices; American Federation of Government Employees; American Federation of State, County and Municipal Employees (AFSCME); Americans for Democratic Action; Campaign for America's Future; Coalition on Human Needs; Communications Workers of America; CREDO; Economic Policy Institute Policy Center; Financial Accountability and Corporate Transparency (FACT) Coalition; Institute on Taxation and Economic Policy (ITEP); International Federation of Professional and Technical Engineers; Main Street Alliance; MomsRising; National Association of Social Workers; NETWORK Lobby for Catholic Social Justice; Other98; Oxfam America; Patriotic Millionaires; People Demanding Action; Progressive Congress Action Fund; Public Citizen; Small Business Majority; Social Security Works; Union Veterans Council; International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America (UAW); United Steelworkers; and Working America.
Americans for Tax Fairness (ATF) is a diverse campaign of more than 420 national, state and local endorsing organizations united in support of a fair tax system that works for all Americans. It has come together based on the belief that the country needs comprehensive, progressive tax reform that results in greater revenue to meet our growing needs. This requires big corporations and the wealthy to pay their fair share in taxes, not to live by their own set of rules.
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Zohran Mamdani Delivers Stunning Blow to 'Billionaire-Backed Status Quo' in NYC
"The people of New York City proved that a movement powered by hope, courage, and working people can beat the money of billionaires," said one Mamdani supporter.
Jun 25, 2025
Democratic socialist Zohran Mamdani prevailed in Tuesday's Democratic mayoral primary in New York City after running a grassroots campaign centered on delivering transformative change and lower costs in the expensive metropolis.
Disgraced former New York Gov. Andrew Cuomo, who was backed by prominent national Democrats and an unprecedentedly deep-pocketed super PAC funded by billionaires and corporations, conceded defeat after it became clear that Mamdani's lead was insurmountable. With 93% of the votes tallied, Mamdani led Cuomo 43.5% to 36.4%.
Mamdani's primary win, a stunning upset, is expected to become official after the ranked-choice tally next week. In his victory speech, Mamdani said that his campaign and its supporters "made history."
"In the words of Nelson Mandela, 'It always seems impossible until it is done,'" he added. "My friends, we have done it."
Affordability was a key focus of Mamdani's policy platform and messaging, with the Democratic state assemblymember calling for an immediate rent freeze for all of the city's rent-stabilized tenants, the creation of a network of city-owned grocery stores focused not on profits but on "keeping prices low," and free childcare.
Mamdani proposed funding those and other priorities with a higher tax rate on corporations and city residents earning more than $1 million per year—fueling the backlash his campaign faced from the ultra-wealthy.
Aru Shiney-Ajay, executive director of the Sunrise Movement—whose local chapter knocked on over 20,000 doors for the race—said in a statement that "the people of New York City proved that a movement powered by hope, courage, and working people can beat the money of billionaires."
"This is what it looks like to take back power," said Shiney-Ajay. "Pundits, billionaires, and the political establishment said it couldn't be done. But this campaign shattered that belief."
On Friday night, we walked the length of Manhattan, from Inwood Hill to Battery Park.
New Yorkers deserve a Mayor they can see, hear, even yell at. The city is in the streets. pic.twitter.com/gbOLz78Fta
— Zohran Kwame Mamdani (@ZohranKMamdani) June 23, 2025
Shiney-Ajay, like other progressives, argued that Mamdani's campaign should serve as a model for the rudderless Democratic Party as it tries to recover from its devastating loss to President Donald Trump and the Republican Party in last year's election.
"Zohran Mamdani is the future of the Democratic Party," said Shiney-Ajay. "This kind of campaign and vision is what the party needs to rebuild trust with young voters and working-class voters, so we can defeat Trump and his allies."
Joseph Geevarghese, executive director of Our Revolution—a national progressive advocacy group that endorsed Mamdani—said that the democratic socialist's win "has shaken the political establishment and proven that a united grassroots movement can take down even the most entrenched, powerful forces."
"This race was a showdown between the billionaire-backed status quo—which poured tens of millions into pro-Cuomo super PACs—and a new generation ready to crush corporate greed and deliver real results for working people," said Geevarghese. "The demand for people-powered change is loud, clear, and unstoppable."
While the winner of New York City's Democratic mayoral primary would typically be considered the heavy favorite going into the general election, "this fall's contest promises to be unusually volatile," The New York Timesobserved, noting that it will "include Mayor Eric Adams, who is running as an independent."
Despite conceding defeat in Tuesday's primary, Cuomo left open the possibility of running as an independent in November.
"Mamdani faces an enormous responsibility—not only to his immediate constituency but also to a broader progressive movement."
Following his win, Mamdani supporters pointed to his broad support and successful coalition-building as reasons to be optimistic about his general-election prospects.
"The results make clear that his voting base wasn't limited to young, college-educated voters most engaged by his campaign," Bhaskar Sunkara, the president of The Nation and founding editor of Jacobin, wrote Wednesday. "Notably, Mamdani succeeded in neighborhoods like Bay Ridge, Bensonhurst, Dyker Heights, Sunset Park, and Brighton Beach—all areas that swung rightward in the 2024 presidential election."
"Mamdani has undoubtedly delivered a major victory in America's largest city," Sunkara added. "But we must be sober about the challenges ahead. Electoral wins are meaningful only if they translate into tangible improvements in people's lives, and political momentum can dissipate quickly if governance falls short. Mamdani faces an enormous responsibility—not only to his immediate constituency but also to a broader progressive movement watching closely from across the country and the world."
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Rep. Al Green's measure calls the president "a threat to American democracy."
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Over half of the Democrats in the U.S. House of Representatives voted alongside all Republicans present on Tuesday to kill Rep. Al Green's impeachment resolution spurred by President Donald Trump's attack on Iranian nuclear sites.
The vote to table the Texas Democrat's five-page measure was 344-79, with 128 Democratic members of the House—including Minority Leader Hakeem Jeffries (N.Y.)—and 216 Republicans coming together to block the effort.
While Green has pushed to impeach the Republican president over various actions, his new resolution accuses Trump of abuse of presidential powers by disregarding congressional authority to declare war.
"President Trump's unilateral, unprovoked use of force without congressional authorization or notice constitutes an abuse of power when there was no imminent threat to the United States, which facilitates the devolution of American democracy into authoritarianism, with an authoritarian president who has instigated an attack on the United States Capitol, denied persons due process of the law, and called for the impeachment of federal judges who ruled against him—making Donald J. Trump a threat to American democracy," the resolution states.
"In starting his illegal and unconstitutional war with Iran without the constitutionally mandated consent of Congress or appropriate notice to Congress, President Trump acted in direct violation of the War Powers Clause of the Constitution," it continues.
The vote came after Jeffries faced criticism for telling reporters he had not looked at a bipartisan resolution that would require congressional approval for military action against Iran—and as Democratic leaders are under fire for their tepid response to Trump and GOP lawmakers.
In a statement after Tuesday's vote, John Bonifaz, a constitutional attorney and president of the advocacy group Free Speech for People, commended Green "for his courage and his leadership," and praised all 79 Democrats who "abided by their oath to protect and defend the Constitution and voted no on the motion to table this article of impeachment."
"Those who voted yes on that motion will be recorded in history for ignoring their oath and standing on the sidelines while this lawless president tramples on the Constitution," he argued. "They will now need to answer to their constituents on why, in the face of this attack on the Constitution, they did not stand up."
Bonifaz also noted his group's campaign to oust the Republican leader and predicted that "this was the first vote on impeaching Donald Trump in this presidential term, but it will not be the last." Trump was impeached twice during his first term.
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However, one critic noted that the lawmakers "already voted for the largest cut to Medicaid in American history—and when the time comes, they'll cave... once again to give their billionaire donors a massive tax break."
Jun 24, 2025
Under pressure from millions of constituents who would be stripped of healthcare coverage under the GOP's slash-and-burn reconciliation package, more than a dozen House Republicans claimed Tuesday that they would not back the Senate's version of the legislation if it contains proposed cuts to the Medicaid provider tax.
"Protecting Medicaid is essential for the vulnerable constituents we were elected to represent. Therefore, we cannot support a final bill that threatens access to coverage or jeopardizes the stability of our hospitals and providers," wrote 16 House Republicans led by Rep. David Valadao (R-Calif.)—whose largely rural Central Valley district has one of the highest concentration of Medicaid recipients in the nation—in a letter to Senate Majority Leader John Thune (R-S.D.) and House Speaker Mike Johnson (R-La.).
"Throughout the budget process, we have consistently affirmed our commitment to ensuring that reductions in federal spending do not come at the expense of our most vulnerable constituents," the lawmakers' letter continues. "We write to reiterate that commitment to those we represent here in Washington."
"We support the Medicaid reforms in H.R. 1, which strengthen the program's ability to serve children, pregnant women, the elderly, and individuals with disabilities," the letter states, referring to provisions in the House version of the so-called "One Big Beautiful Bill Act" that would still slash federal Medicaid spending by billions of dollars, introduce work requirements for recipients, and impose other conditions that critics say would result in millions of vulnerable people losing their coverage in order to pay for a massive tax cut that would disproportionately benefit the wealthy and corporations.
The letter continues:
The Senate proposal also undermines the balanced approach taken to craft the Medicaid provisions in H.R. 1—particularly regarding provider taxes and state directed payments. The Senate version treats expansion and nonexpansion states unfairly, fails to preserve existing state programs, and imposes stricter limits that do not give hospitals sufficient time to adjust to new budgetary constraints or to identify alternative funding sources.
We are also concerned about rushed implementation timelines, penalties for expansion states, changes to the community engagement requirements for adults with dependents, and cuts to emergency Medicaid funding. These changes would place additional burdens on hospitals already stretched thin by legal and moral obligations to provide care.
"Protecting Medicaid is essential for the vulnerable constituents we were elected to represent," the lawmakers concluded. "Therefore, we cannot support a final bill that threatens access to coverage or jeopardizes the stability of our hospitals and providers."
Both chambers of Congress are scheduled to be on recess next week for the Independence Day holiday. Senators still have not voted on the package—and both chambers must pass identical versions of the megabill before it will reach President Donald Trump's desk.
Trump impatiently said on his Truth Social network Tuesday: "To my friends in the Senate, lock yourself in a room if you must, don't go home, and GET THE DEAL DONE THIS WEEK. Work with the House so they can pick it up, and pass it, IMMEDIATELY. NO ONE GOES ON VACATION UNTIL IT'S DONE."
Democratic Congressional Campaign Committee spokesperson Justin Chermol dismissed the 16 GOP lawmakers' letter as "performative bullshit."
"These so-called moderates already voted for the largest cut to Medicaid in American history—and when the time comes, they'll cave to their D.C. party bosses once again to give their billionaire donors a massive tax break," Chermol added.Keep ReadingShow Less
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