This bill would've hurt companies trying to expand overseas.
Good.
Don't understand why anyone would be against expanding into new markets.
But this isn't a penalty tax or something. It's removing government subsidies. The whole point of subsidies, if there is a point, is to develop domestic economic strength. It is completely reasonable to only subsidize companies that operate within the country (provided you think it is reasonable to have subsidies at all).
Ding ding ding!
I guess I'm okay with this but for once I basically agree with Beet, this seems unnecessarily complicated.