India and China undervalue their currencies compared to the dollar. The IRS will tax the profits or incomes of American programmers while letting off-shored Indians go tax-free.
If the tax burden was shifted from domestic to offshore employment, that would result in more US jobs.
Interesting idea -- tax policy has always been a great tool when used wisely.
I assure you I am as much if not more comfortable managing local resources. Face to face is a heck of a lot more efficient and effective.