I agree we seem intent on crippling ourselves, but the inverse move would likely be better, which is give tax credits for hiring US citizens on US soil that off

I agree we seem intent on crippling ourselves, but the inverse move would likely be better, which is give tax credits for hiring US citizens on US soil that offset any savings they'd get by hiring out of the US. If you run the numbers, you can adjust individual income tax upward marginally across brackets to account for shortfalls, and it will be far less complicated to implement and enforce. This gives an incentive to keep the dollars domestic vs abroad. You may even want to give some additional tax incentives for companies that close their foreign offices to re-open them in the US. This would be similar to a scheme that helped with bringing some manufacturing back from overseas