If HIRE Bill in US becomes reality, it will light a fire in Indian economy: Congress

Contributing sentiments towards policy:

56% : The proposed HIRE Act, introduced by Senator Bernie Moreno, if passed, will curb outsourcing and promote domestic employment by imposing a 25 per cent levy on payments made by American companies to foreign workers for services benefiting US consumers.
53% : The bill has been referred to the Senate Committee on Finance, he said on X. The bill proposes a 25 per cent tax on any US person making an outsourcing payment, defined as "any money paid by a US company or taxpayer to a foreign person whose work benefits consumers in the United States," he said.
53% : The bill has a direct and deep impact on India's IT services, BPO, consulting and GCCs (global capability centres), Ramesh said. Other countries like Ireland, Israel, and the Philippines too will be impacted but the maximum effect will be on India's exports of services which has been a marked success story over the past quarter of a century, he said.
49% : A proposed US Senate bill could impose a 25 percent tax on payments made by American companies to foreign workers.
49% : The Congress on Tuesday said a bill introduced in the US Senate proposing a 25 per cent tax on any American person making an outsourcing payment will "light a fire in the Indian economy" if it becomes a reality.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.