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115-hr-5108115th Congress

No Tax Breaks for Outsourcing Act

Sponsored By: Representative Doggett, Lloyd [D-TX-37]

Unknown

Summary

No Tax Breaks for Outsourcing Act This bill amends the Internal Revenue Code, with respect to the taxation of the foreign-source income of domestic corporations, to: eliminate an exemption for certain returns from tangible investments made overseas, eliminate deductions for a domestic corporation's foreign-derived intangible income and global intangible low-taxed income, repeal a provision that excludes foreign oil and gas extraction income from the tested income of a controlled foreign corporation, limit the tax deduction for the interest expenses of a U.S. corporation that is a member of a financial reporting group (i.e., a group that prepares consolidated financial statements according to generally accepted accounting principles or international financial reporting standards), modify the rules for the taxation of inverted corporations (U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States), and treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Doggett, Lloyd [D-TX-37]

TX • D

Cosponsors

  • MICHAEL CAPUANO

    MA • D

    Sponsored 2/27/2018

  • ELIJAH CUMMINGS

    MD • D

    Sponsored 2/27/2018

  • Rep. Davis, Danny K. [D-IL-7]

    IL • D

    Sponsored 2/27/2018

  • Rep. DeLauro, Rosa L. [D-CT-3]

    CT • D

    Sponsored 2/27/2018

  • Rep. DeFazio, Peter A. [D-OR-4]

    OR • D

    Sponsored 2/27/2018

  • Rep. Grijalva, Raúl M. [D-AZ-7]

    AZ • D

    Sponsored 2/27/2018

  • Rep. Jayapal, Pramila [D-WA-7]

    WA • D

    Sponsored 2/27/2018

  • Rep. Kaptur, Marcy [D-OH-9]

    OH • D

    Sponsored 2/27/2018

  • Rep. Nadler, Jerrold [D-NY-12]

    NY • D

    Sponsored 2/27/2018

  • Rep. Napolitano, Grace F. [D-CA-31]

    CA • D

    Sponsored 2/27/2018

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 2/27/2018

  • Rep. Pocan, Mark [D-WI-2]

    WI • D

    Sponsored 2/27/2018

  • Rep. Raskin, Jamie [D-MD-8]

    MD • D

    Sponsored 2/27/2018

  • Rep. Ryan, Tim [D-OH-13]

    OH • D

    Sponsored 2/27/2018

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 2/27/2018

  • Rep. Sarbanes, John P. [D-MD-3]

    MD • D

    Sponsored 2/27/2018

  • Rep. Garamendi, John [D-CA-8]

    CA • D

    Sponsored 2/27/2018

  • LOUISE SLAUGHTER

    NY • D

    Sponsored 2/27/2018

  • Rep. Higgins, Brian [D-NY-26]

    NY • D

    Sponsored 2/27/2018

  • Rep. Ellison, Keith [D-MN-5]

    MN • D

    Sponsored 2/27/2018

  • Rep. Maloney, Carolyn B. [D-NY-12]

    NY • D

    Sponsored 2/27/2018

  • Rep. Watson Coleman, Bonnie [D-NJ-12]

    NJ • D

    Sponsored 2/27/2018

  • Rep. Lee, Barbara [D-CA-12]

    CA • D

    Sponsored 2/27/2018

  • Rep. DeSaulnier, Mark [D-CA-10]

    CA • D

    Sponsored 2/27/2018

  • Rep. Chu, Judy [D-CA-28]

    CA • D

    Sponsored 2/27/2018

  • Rep. Takano, Mark [D-CA-39]

    CA • D

    Sponsored 3/15/2018

  • Rep. Khanna, Ro [D-CA-17]

    CA • D

    Sponsored 3/15/2018

  • Rep. McGovern, James P. [D-MA-2]

    MA • D

    Sponsored 3/15/2018

  • Rep. McCollum, Betty [D-MN-4]

    MN • D

    Sponsored 4/11/2018

  • Rep. Norcross, Donald [D-NJ-1]

    NJ • D

    Sponsored 4/11/2018

  • Rep. Rush, Bobby L. [D-IL-1]

    IL • D

    Sponsored 4/11/2018

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 4/11/2018

  • Rep. Tonko, Paul [D-NY-20]

    NY • D

    Sponsored 4/11/2018

  • Rep. Sires, Albio [D-NJ-8]

    NJ • D

    Sponsored 4/11/2018

  • Rep. Yarmuth, John A. [D-KY-3]

    KY • D

    Sponsored 4/11/2018

  • Rep. Lynch, Stephen F. [D-MA-8]

    MA • D

    Sponsored 4/11/2018

  • Rep. Titus, Dina [D-NV-1]

    NV • D

    Sponsored 4/11/2018

  • Rep. Cohen, Steve [D-TN-9]

    TN • D

    Sponsored 4/27/2018

  • Rep. Lowenthal, Alan S. [D-CA-47]

    CA • D

    Sponsored 4/27/2018

  • RICHARD NOLAN

    MN • D

    Sponsored 4/27/2018

  • Rep. Roybal-Allard, Lucille [D-CA-40]

    CA • D

    Sponsored 4/27/2018

  • JOSE SERRANO

    NY • D

    Sponsored 4/27/2018

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 4/27/2018

  • Rep. Cicilline, David N. [D-RI-1]

    RI • D

    Sponsored 4/27/2018

  • Rep. Suozzi, Thomas R. [D-NY-3]

    NY • D

    Sponsored 4/27/2018

  • Rep. Pascrell, Bill, Jr. [D-NJ-9]

    NJ • D

    Sponsored 5/24/2018

  • ROBERT BRADY

    PA • D

    Sponsored 5/24/2018

  • Rep. Espaillat, Adriano [D-NY-13]

    NY • D

    Sponsored 5/24/2018

  • Rep. Walz, Timothy J. [D-MN-1]

    MN • D

    Sponsored 5/24/2018

  • Rep. Jeffries, Hakeem S. [D-NY-8]

    NY • D

    Sponsored 6/15/2018

  • Rep. Johnson, Eddie Bernice [D-TX-30]

    TX • D

    Sponsored 6/15/2018

  • COLLIN PETERSON

    MN • D

    Sponsored 6/15/2018

  • Rep. Cartwright, Matt [D-PA-8]

    PA • D

    Sponsored 6/26/2018

  • Rep. Clarke, Yvette D. [D-NY-9]

    NY • D

    Sponsored 6/26/2018

  • LUIS GUTIERREZ

    IL • D

    Sponsored 6/26/2018

  • Rep. Pallone, Frank [D-NJ-6]

    NJ • D

    Sponsored 6/26/2018

  • Rep. Cleaver, Emanuel [D-MO-5]

    MO • D

    Sponsored 7/11/2018

  • Rep. Eshoo, Anna G. [D-CA-16]

    CA • D

    Sponsored 7/11/2018

  • Rep. Johnson, Henry C. "Hank" [D-GA-4]

    GA • D

    Sponsored 7/11/2018

  • Rep. Moore, Gwen [D-WI-4]

    WI • D

    Sponsored 7/19/2018

  • Rep. Bass, Karen [D-CA-37]

    CA • D

    Sponsored 7/19/2018

  • Rep. Barragán, Nanette Diaz [D-CA-44]

    CA • D

    Sponsored 7/26/2018

  • Rep. Scott, Robert C. "Bobby" [D-VA-3]

    VA • D

    Sponsored 7/26/2018

  • Rep. Courtney, Joe [D-CT-2]

    CT • D

    Sponsored 7/26/2018

  • Rep. Fudge, Marcia L. [D-OH-11]

    OH • D

    Sponsored 7/26/2018

  • Rep. Jackson Lee, Sheila [D-TX-18]

    TX • D

    Sponsored 7/26/2018

  • Rep. Kelly, Robin L. [D-IL-2]

    IL • D

    Sponsored 7/26/2018

  • Rep. Lamb, Conor [D-PA-17]

    PA • D

    Sponsored 7/27/2018

  • Rep. Dingell, Debbie [D-MI-6]

    MI • D

    Sponsored 9/28/2018

  • Rep. Evans, Dwight [D-PA-3]

    PA • D

    Sponsored 9/28/2018

  • Rep. Hastings, Alcee L. [D-FL-20]

    FL • D

    Sponsored 9/28/2018

  • Rep. Huffman, Jared [D-CA-2]

    CA • D

    Sponsored 9/28/2018

  • Rep. Langevin, James R. [D-RI-2]

    RI • D

    Sponsored 9/28/2018

  • Rep. Soto, Darren [D-FL-9]

    FL • D

    Sponsored 9/28/2018

  • Rep. Blumenauer, Earl [D-OR-3]

    OR • D

    Sponsored 9/28/2018

  • JOHN LEWIS

    GA • D

    Sponsored 9/28/2018

  • Rep. Waters, Maxine [D-CA-43]

    CA • D

    Sponsored 9/28/2018

Roll Call Votes

No roll call votes available for this bill.

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