Hatch Calls Legislation Forcing U.S. Jobs Overseas "Height Of Irresponsibility"

Press Release

Utah Senator Says Bill Proposal Will Put Economy at Greater Risk, Incentivize Companies to Move Overseas

U.S. Senator Orrin Hatch (R-Utah) today opposed legislation that would increase the tax burden on job creators during an economic downturn and push U.S. jobs overseas.

"Desperate times call for desperate measures, and the majority is showing how desperate they are with a bill that increases the tax burden on job creators and ship much-needed U.S. jobs overseas," said Hatch. "This proposal is the height of irresponsibility putting our economy at greater risk. Raising taxes on companies' overseas profits will just incentivize them to move their domestic facilities to another country. That's not the prescription that will cure our ailing economy."

Many major U.S. companies and groups representing employers have warned that this legislation would push jobs overseas, including the U.S. Chamber of Commerce, the Business Roundtable, and the National Association of Manufacturers.

The United States already has the second highest corporate tax rate among developed nations. Hatch has long advocated for lowering the corporate tax rate to ensure that the United States remains competitive in an increasingly competitive global marketplace.

"Our nation's economy remains weak with millions of Americans having lost their jobs since this Administration took office. But instead of moving forward with common sense solutions like stopping income taxes from going up on all Americans, the liberal Senate leadership has brought forward a politically-motivated bill that will never become law," concluded Hatch.

Last week, Senate Leadership announced that they would not consider legislation preventing tax hikes on every American before November.

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