“I fail to see how eliminating tax breaks for offshoring will cause more jobs to go overseas as for the rest of it...maybe.”
If you read the WSJ article, you might understand, but, in short, if you make the use of capital less profitable by increasing the tax, the capital will migrate elsewhere, either in the relocation of whole enterprises, or their failure due to inability to compete with those located where the taxes are lower.
I read the entire article again to see if I missed something...I didn’t. As far as I can see, eliminating the tax credit for offshoring jobs would not hurt job creation in this country...my biggest concern. Now, countries that manufacture overseas in third world hell holes should relocate there and breath the polluted air and deal with the lack of political stability. If these traitor companies want to move their companies overseas and renounce their citizenship, let them. When this country comes to its senses and starts dealing with fair trade instead of what we have today...they can be replaced and tariffed...IBM has already moved to India anyway even without these tax changes.