In the face of growing competition from China and other geopolitical rivals, the United States needs to pursue policies that benefit American industries and consumers, and that do not drive the further offshoring of businesses vital to economic health, according to Rep. Byron Donalds (R-Fla.). From this point of view, one of the most urgent tasks at hand is to review the U.S. tax code and what pending changes will mean. “The number one thing we have to do is take a look at our tax code. Most people don’t understand that the tax cut and the JOBS Act—the Trump tax cuts, if you will—are going to start slowly expiring over the next several years. The only thing that’s going to do is actually incentivize business to go overseas even more, not staying in the United States,” Rep. Donalds told EpochTV’s “China Insider” program at the Conservative Political Action Conference …