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Republican Rewrite of US Taxcode
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<blockquote data-quote="DriveInDriѵeOut" data-source="post: 3195791" data-attributes="member: 44954"><p>Guess what folks, we tried repatriation already.</p><p>What happened?</p><p></p><p>"In assessing the 2004 tax holiday, the nonpartisan Congressional Research Service reports that most of the <strong>largest beneficiaries of the holiday actually cut jobs</strong> in 2005-06 – despite overall economy-wide job growth in those years – and <strong>many used the repatriated funds simply to repurchase stock or pay dividends</strong>. Today, when U.S. corporations have ready access to cash they have accumulated and are holding here in the United States, it is even harder to make the case that a repatriation holiday will unlock new investment and job creation."</p><p></p><p><a href="https://www.treasury.gov/connect/blog/Pages/Just-the-Facts-The-Costs-of-a-Repatriation-Tax-Holiday.aspx" target="_blank">Just the Facts: The Costs of a Repatriation Tax Holiday</a></p></blockquote><p></p>
[QUOTE="DriveInDriѵeOut, post: 3195791, member: 44954"] Guess what folks, we tried repatriation already. What happened? "In assessing the 2004 tax holiday, the nonpartisan Congressional Research Service reports that most of the [B]largest beneficiaries of the holiday actually cut jobs[/B] in 2005-06 – despite overall economy-wide job growth in those years – and [B]many used the repatriated funds simply to repurchase stock or pay dividends[/B]. Today, when U.S. corporations have ready access to cash they have accumulated and are holding here in the United States, it is even harder to make the case that a repatriation holiday will unlock new investment and job creation." [URL="https://www.treasury.gov/connect/blog/Pages/Just-the-Facts-The-Costs-of-a-Repatriation-Tax-Holiday.aspx"]Just the Facts: The Costs of a Repatriation Tax Holiday[/URL] [/QUOTE]
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