U.S. Congressman Lloyd Doggett (D-TX) has issued two releases on the reintroduction of the No Tax Breaks for Outsourcing Act and the Stop Tax Haven Abuse Act together with several Senators. The legislation is meant to close offshore tax loopholes and level the playing field for American workers and small businesses. The key aspects are summarized in the respective releases as follows: --- The No Tax Breaks for Outsourcing Act would repeal offshoring incentives by: Equalizing the tax rate on profits earned abroad to the tax rate on profits earned here at home. It would end the preferential tax rate...