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Biden proposes a tax penalty for offshoring and new credits for manufacturing investments

September 9, 2020

Via: CNBC
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WASHINGTON — Democratic presidential nominee Joe Biden will travel to the battleground state of Michigan on Wednesday to propose changes to the corporate tax code to reward investments in U.S.-based manufacturing and penalize American companies that offshore jobs.

The tax plan is part of a broader push by the former vice president to forcefully challenge President Donald Trump on economic issues in the final two months of the presidential race.

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