Biden’s plan to discourage companies from offshoring production may also help him politically.

Rickard, StephanieORCID logo (2021) Biden’s plan to discourage companies from offshoring production may also help him politically. [['eprint_typename_blog_post' not defined]]
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Last week, alongside its $2.3 trillion infrastructure plan, the Biden administration announced a new tax plan to fund it. This plan includes provisions that would discourage the offshoring of jobs and profits by US companies. Stephanie Rickard finds that voters are more likely to vote against governments when offshoring occurs that moves jobs out of their local area. In light of these findings, Biden’s tax proposals and ‘Buy American’ executive order appear politically savvy.

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