Representative Lloyd Doggett (D-TX) and Senator Sheldon Whitehouse (D-RI) have submitted a draft bill to the House and Senate, respectively, which is meant to counter certain aspects of the Tax Cuts and Jobs Act. As provided in a release from Representative Doggett, the so-called No Tax Breaks for Outsourcing Act (Bill H.R. 5108) would: Equalize the tax rate on profits earned abroad to the tax rate on profits earned here at home. The new tax law allows companies to pay half of the statutory corporate tax rate on profits earned abroad, and for many it may be nothing or next...