Sanders launches new attack on offshore outsourcing

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Sanders' "Outsourcing Prevention Act," would bar companies that outsource jobs offshore from receiving future federal contracts, tax breaks and grants of loans from the U.S. government. It would also impose a tax "equal to the amount of savings achieved by outsourcing jobs or 35 percent of its profits, whichever is higher."

It would put "stiff tax penalties" on executives of these firms, attacking their golden parachutes, stock options and bonuses. It's not clear when Sanders will submit this legislation to Congress.

Trump has proposed financial penalties, through higher tariffs, on companies that relocate manufacturing operations overseas. Trump also plans to attack the H-1B visa program, which is used by IT services firms to help move technology work overseas.