The 2017 Trump Tax Scam created huge incentives for corporations to export jobs and profits overseas. For example, it made the tax rate on offshore profits half the rate on domestic profits.

As a result, American multinational corporations have reported 61% of their foreign income in seven tax haven countries—with 10% in Bermuda alone. Studies show that such offshore tax loopholes are costing taxpayers over $70 billion a year.

“We have got to end the deficit-ballooning incentives the former president created for sending American jobs and profits overseas,” said Senator Sheldon Whitehouse (D-RI), Chairman of the Senate Budget Committee. “Working people pay their fair share in taxes – multinational corporations can do the same.”

Sign and send the petition: No corporate tax breaks for outsourcing jobs