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No evidence for Biden claim that Trump tax cuts encouraged corporations to flee US, proponents say


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While President Joe Biden and his administration claim the 2017 Trump tax cuts need to be overhauled in part because the law incentivizes offshoring, proponents of the GOP tax cuts say there is no tangible evidence to support that assertion.
In Biden’s newly proposed Made in America tax plan, which aims to alter the corporate tax structure in order to pay for his $2 trillion infrastructure package, the administration asserts that the Tax Cuts and Jobs Act created new offshoring incentives. The president has also hinted that the tax bill moved jobs overseas while on the campaign trail. ....

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