<h1>Obama Announces Tax Reforms to End Incentives for Outsourcing, Boost US Job Creation, Save $210 Billion Over 10 Years.</h1> US President Barack Obama announced reforms to end tax incentives for US companies outsourcing jobs overseas, aiming to boost domestic job creation. The new policy redirects incentives to companies creating jobs in the US, such as in Buffalo, New York. Obama criticized the current tax system for favoring overseas job creation and proposed measures to curb illegal tax evasion and close loopholes. These reforms are expected to save $210 billion over ten years and impact countries like India, China, and the Philippines, where US companies have outsourced work. The initiative aligns with Obama's commitment to enhance America's competitiveness and innovation.