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

Nation

XNew Delhi: 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. The opposition party said the bill reflects a growing mindset in the US that while blue-collar jobs were "lost" to China, white-collar jobs should not be "lost to India." Congress general secretary in-charge communications Jairam Ramesh made the remarks, referring to the Halting International Relocation of Employment Act, or HIRE Act Bill, introduced on October 6 by Senator Bernie Moreno of Ohio. 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, define