[ubernostrum]

Overseas profits will end up paying for corporate infrastructure and jobs elsewhere

If those profits are never taxed, they won't. Of course, to avoid them being taxed you have to leave them sitting in accounts in Bermuda and the Caymans where that money can't be productive for the company either.

by taxing profits which do not occur in the US

The US isn't asking to tax their overseas profits. If you can't make your argument without openly lying about what's going on, I don't know how you can expect to be taken seriously.