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First on Fox: Ohio Republican Senator. Bernie Moreno Companies aimed at outsourcing overseas jobs and business are being introduced, while providing financial support for ways to create jobs in the United States.
The bill, introduced Friday, is known as the “Stop International Employment Act” or the “Hot Act” to impose a 25% tax on “outsourced payments” defined as any payment paid by a U.S. company or taxpayer to benefit from foreigners who benefit from U.S. consumers.
The bill also includes anti-language language to prevent tax avoidance through U.S. territory and requires U.S. companies to fully disclose all outsourced payments and contracts. The company will also be prohibited from deducting any outsourcing payments.
The funds raised from the fine will be used to support the apprenticeship program in the United States as well as the workforce development program.
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President Donald Trump signed an executive order on Thursday, January 30, 2025 at the Oval Office of the White House in Washington, D.C., U.S. (Bonnie Cash/UPI/Bloomberg via Getty Images)
Additionally, the legislation, if passed through the Republican-controlled Congress and signed by the Republican president, would prohibit companies from treating outsourcing payments as basic erosion payments when calculating basic erosion and anti-abuse taxes.
“Although college graduates in the United States struggle to find jobs, globalist politicians and C-Suite executives have spent decades shipping slave wages and huge profits overseas, and that’s over,” Moreno told Fox News Digital in a statement.
Moreno was sworn in on January 3. (Reuters)
“It’s time to fight for working-class Americans and make sure they can work and retire with dignity. If companies want to hire foreign workers instead of Americans, my bills will be hurt: their pocket books.”
Moreno’s bill was proposed in the context of the Trump administration, touting its efforts to focus on the work of the U.S. for our born citizens and highlighting in the news Fox Business Report Born in the United States last month Work growth According to the Bureau of Labor Statistics (BLS), the workload in the past 12 months has been nearly 2 million months due to a decline in work among foreign-born people.
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Meanwhile, from July 2024, from July 2024 to the same month in 2025, the workload of 16 and above in foreign births decreased by nearly one million, 452,000.
Peter Pinedo of Fox News Digital contributes to this report
