This bill would've hurt companies trying to expand overseas.
Good.
Wow, the one thing that has helped Manufacturing recover and stablize, exports, is something which is good to discourage. WTF!!!!!!!!!!!!!!!!!!
Huh? This bill wouldn't do anything to companies that export. It only impacts companies with employment operations overseas (and only affects them as far as their overseas employment operations are concerned, wouldn't affect operations in the US producing goods for export at all).
The issue seems to be that it affects companies with employment operations overseas
whether these produce products for import to the US or not. It would make every sense in the world for the US tax structure to actively hurt US-based companies producing products for the US market outside the US. It doesn't make sense to try to hurt US-based companies producing products for the European or Asian or whatever market in Europe or Asia.
That seems to be the core beef here.
