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The HIRE Act: 25% tax on outsourcing

3 days ago
https://www.moreno.senate.gov/press-releases/new-moreno-bill-would-crack-down-on-outsourcing-fund-american-workers/
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  • #legislation
  • #outsourcing
  • #workforce development
  • Senator Bernie Moreno introduced the HIRE Act to protect American workers from outsourcing.
  • The bill imposes a 25% tax on companies hiring foreign labor instead of Americans.
  • Revenue from the tax will fund workforce development programs via the Domestic Workforce Fund.
  • Companies cannot deduct outsourcing payments under the new legislation.
  • Moreno aims to penalize companies that prioritize foreign workers over American labor.
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