It never really occurred to me that that money would be more useful paying for things outside the US. In my mind I thought 'tax free but useless vs taxed and useful'.

So this essentially means that building anything outside the US (factories, research, whatever) comes at a 30%~ discount, since doing the same thing in the US would result in a tax payment.

So tax loopholes like this, Double Dutch, etc, are explicitly putting a premium on further production/investment in the US (and other areas whose taxes are being avoided).

That there exists a certain political lean in the US that explicitly is against fixing these tax loopholes is absurd to me.