That is a reasonable counter argument, however I would argue that that is no longer a benefit for the American public.

Similar to how our country effectively relocated our entire manufacturing sector to the entire world (to externalize the environmental impact), only to enforce it with gunboat diplomacy to ensure that only the profits make their way home, I don't see any benefit in having the jobs located on US soil.

Politicians will say that there is a good reason to have the jobs here, but there isn't. It is much better for everyone if we just tax the owners of the company when they exercise their shares (something probably has to be done about the loaning loophole).

America should be a nation of suburban houses, spread quite far apart from each other, of people mostly working from home. Anything else is a legitimate nuissance.