Joe Biden pledged to penalise American companies that move jobs overseas and reward businesses that employ people in the US, as he rolled out a “Made in America” plan to help woo voters in the industrial Midwest.
Mr Biden, the Democratic presidential nominee, said his administration would pursue tax reforms designed to undo measures included in Donald Trump’s 2017 tax cut legislation that reduced the impetus for companies to bring jobs back to the US.
“The Trump tax giveaway is upside down and backwards. We should be penalising offshoring, not rewarding it,” the Biden campaign said ahead of a visit by the former US vice-president to Michigan, a swing state, on Wednesday.