Democratic candidate Hillary Clinton has unveiled an insourcing policy aimed at ending tax incentives to US firms that outsource jobs overseas. She said a Clinton administration would instead create incentives of $7 billion a year for companies to create jobs inside the country.

''I believe our government should get out of the business of rewarding companies for shipping jobs overseas, and get back into the business of rewarding companies that create good, high-wage jobs – with good benefits – right here in America,'' Clinton told a cheering audience in Pittsburgh, during what has become an increasingly uphill campaign to win the Democratic Presidential nomination from Barack Obama.

''We reward companies like Exxon-Mobil who park $56 billion in profits overseas because they don't have to pay a dime in US taxes on those profits,' she said.'

The senator said her plan would inspire a new, local, greener manufacturing environment within the US, investing some $500 million to encourage the sector's use of clean energy.

The US is one of the top three outsourcing destinations of choice for UK CIOs.