Fixing ‘America Last’ Tax Policy to Combat Offshoring

Reevaluating Tax Strategies for Domestic Growth

The challenges of offshoring need attention beyond mere tariffs. Addressing the ‘America last’ tax policies can play a crucial role.

The Case Against Tariffs

Tariffs may lead to unintended consequences that undermine economic growth.

• Shift of tax burden downwards
• New distortions in production efficiency
• Increased potential for international conflict

Tax Reforms as a Path Forward

The U.S. tax code currently favors foreign corporate activity. By reforming this code, we can better align with global standards and reduce incentives for offshoring.

International Tax Agreement

• Encourages minimum taxes for multinationals
• Affects companies regardless of U.S. adoption
• Reduces perverse tax advantages

Embracing these reforms not only promotes fairness but also boosts the economy, creating pathways to a brighter economic future.