Congressional Budget Office Finds GOP Corporate Tax Proposal Would Push Jobs Overseas

Congressional Budget Office Finds GOP Corporate Tax Proposal Would Push Jobs Overseas: Under current U.S. tax law, corporations are allowed to defer paying taxes on their overseas profits, resulting in lost revenue for the federal government of up to $10 billion per year. President Obama has proposed doing away with this policy, somewhat, by restricting the use of tax credits until corporations bring those overseas profits back [...]/p