Ohio Senator presents 25% tax on companies that subcontract jobs abroad

First on Fox: The Ohio Republican Senator, Bernie Moreno, presents legislation aimed at penalizing companies that subcontract jobs and operations abroad while providing financial support to the avenues that create American jobs.

The bill, presented on Friday and known as “Halting International Relocat Act” or “Hire Act”, creates a 25% tax on “outsourcing payments” which are defined as any money paid by an American company or taxpayer to a foreign person whose work benefits American consumers.

The bill also includes anti-abuse language to avoid tax evasion via American territories and obliges American companies to fully disclose all payments and outsourcing contracts. Companies will also be prohibited from deducting any outsourcing payment.

The money collected by the spending penalty for foreign workers will be used to support learning programs in the United States as well as in labor development programs.

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President Donald Trump signs a decree in the White House Oval Office in Washington, DC, United States, Thursday, January 30, 2025 (Bonnie Cash / Upi / Bloomberg via Getty Images)

In addition, legislation, if adopted through the congress under republican control and signed by the Republican President, prohibit companies from processing outsourcing payments as basic erosion payments when calculating their basic erosion and their anti-abuse tax.

“While college graduates in America find it difficult to find work, globalist politicians and C -Suite executives have spent decades shipping well -remunerated jobs abroad in pursuing salaries of slaves and immense profits – these days are finished,” Moreno said digital in a press release.

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Moreno was sworn in to the Senate on January 3. (Reuters)

“It is time to fight for the Americans of the working class and to ensure that they can work and retire with dignity. If the companies want to hire foreign workers instead of the Americans, my bill will strike them where it hurts: their strings.”

Moreno’s bill intervenes in the context of the Trump administration praising its efforts by focusing on employment in the United States to jobs for American born citizens, underlined by the news Reported by Fox Business Last month, this American born employment growth According to Data from the Bureau of Labor Statistics (BLS).

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Simultaneously, the number of individuals born abroad of 16 years and more jobs in the United States decreased by almost half a million, 452,000, from July 2024 to the same month in 2025. The number of jobs born abroad in the United States in July was 32,066,000, against 32,518,000 in the same month of last year, a decrease of 1.39%.

Peter Pinedo by Fox News Digital contributed to this report