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Trump's 'Retribution' Tax Stirs Questions

GOP Rep. McCarthy cites tax overhaul as best way to keep jobs at home.

By Sahil Kapur, Bloomberg | Updated on December 06, 2016

Donald Trump’s threats to use taxes as “retribution” against U.S. companies that move jobs overseas are legally dubious, tax specialists say — and they’re prompting resistance from some Republican leaders who fear a coming era of economic protectionism or international trade wars.

“There’s other ways to achieve what the president-elect is talking about,” House Majority Leader Kevin McCarthy told reporters Monday, arguing that changing the tax code is the way to entice companies to create jobs and keep them in the U.S.

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