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What’s the Deal with the HIRE Act?
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Subscribe10 SEP 2025 / ECONOMY
CPE Approved
The HIRE Act, an initiative proposed by Ohio Senator Bernie Moreno in 2025, could force US companies to pay a 25% excise tax on payments for outsourced work, which would affect most sectors, including IT and accounting, and could potentially drive jobs back to the US. This could have considerable implications for foreign workers and firms - particularly in the tech sector - due to possibilities of fewer job opportunities, receiving tighter tax scrutiny and a shift towards automation.
Imagine grabbing your morning coffee and discovering that your company has to pay an extra 25 cents for every outsourcing dollar it spends. That’s the reality U.S. firms could face if the Halting International Relocation of Employment Act (the HIRE Act),...
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