Contact Congress about H.R. 884: No Tax Breaks for Outsourcing Act
Large multinational companies would face tougher U.S. tax rules on foreign profits, debt, and offshore parent companies. The bill would reduce some tax breaks and make more foreign income taxable each year.
Modern Action explains legislation in plain English, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
No Tax Breaks for Outsourcing Act is a House bill in Congress.
Who this affects: This bill mainly affects large multinational companies with foreign subsidiaries, foreign profits, or offshore parent companies. It also affects companies that borrow through U.S. affiliates while earning money abroad. Some investment funds and asset managers could be affected if key investment decisions happen in the United States. The Treasury Department would have to write detailed rules to carry out several parts of the bill.
Why this matters: The bill matters because it could make it harder for large companies to lower U.S. taxes by booking profits, debt, or legal ownership overseas. It could raise federal tax revenue, but the bill does not state how much. It could also change where companies place profits, management, borrowing, and some operations. The full effect would depend on company choices and future Treasury rules.
Key provisions in H.R. 884
- U.S. shareholders would pay tax each year on a wider set of foreign earnings. The bill replaces GILTI, a current foreign-profit tax rule, with net CFC tested income and removes the tax-free return for some foreign investments.
- Companies would have to measure controlled foreign corporation income and foreign tax credits country by country. They would use taxable units, such as foreign subsidiaries, branches, and some pass-through ownership interests.
- Companies would lose the section 250 deduction. That deduction currently lowers the tax rate on GILTI, now replaced by net CFC tested income, and on foreign-derived intangible income.
- More foreign income would be taxed right away. The bill ends the high-tax exclusion for some foreign base company and insurance income and narrows exclusions from tested income.
- Companies could claim a larger deemed-paid foreign tax credit for taxes on tested income because the bill removes the 80% cap. But they could no longer carry foreign tax credits back to earlier tax years.
How Modern Action helps you take action on H.R. 884
You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.
Questions people ask about H.R. 884
- What is H.R. 884?
- Large multinational companies would face tougher U.S. tax rules on foreign profits, debt, and offshore parent companies. The bill would reduce some tax breaks and make more foreign income taxable each year.
- How do I support or oppose H.R. 884?
- Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.
- Who should I contact about H.R. 884?
- Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.
- Can Modern Action explain H.R. 884 before I act?
- Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.
