Preventing companies that outsource jobs from receiving federal contracts, tax breaks, grants or loans. Last year, United Technologies received over $6 billion in federal contracts, making it the seventh largest recipient of federal contract funds. It’s that tax breaks and loopholes bit there which scares the most. It’s a method of making sure that companies cannot claim massive great tax breaks now. Companies are taxed upon their profits, profits are what’s left over out of revenue once you’ve paid all the costs of what you’re doing.
Source: Forbes November 27, 2016 17:11 UTC