- United States
- Ga.
- Letter
This bill aims to address extraterritorial and discriminatory taxes imposed by foreign countries that unfairly target American businesses and workers. By increasing tax rates on foreign citizens and corporations from countries with such harmful tax policies, it seeks to level the playing field for American companies and discourage exploitative tax practices abroad. The bill also authorizes trade and diplomatic measures to counter these discriminatory taxes, defending American jobs and investment from unfair foreign competition. Protecting American workers and businesses from detrimental foreign tax schemes is a reasonable approach to promote fairness and safeguard domestic economic interests.