Political Quotes

John Thune: As a candidate, President Biden proposed an additional 10-percent offshoring penalty surtax when U.S. companies buy from…

On the recordMarch 24, 2021
As a candidate, President Biden proposed an additional 10-percent offshoring penalty surtax when U.S. companies buy from an affiliate outside the United States, effectively what would be a broad tariff.
Said by
John Thune
Republican · South Dakota

Editor's note · Context

Thune critiques Biden's proposed surtax on offshoring, highlighting its potential negative impacts.

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