re: #343 BryanS

We should lower the tax on money held oversees. Keep in mind, this is from profits earned in oversees markets, subject to taxes oversees. The ~$100billion Apple alone has in oversees cash is profits they made there and were taxed under the appropriate foreign government corporate tax rates. If they repatriate that money, they will get taxed again at about 35%. Apple can’t write enough off enough in tax deductions to offset their oversees profits.

According to this story, there is about $1trillion in profits sitting oversees from US corporations.
[Link: www.politico.com…]

That doesn’t seem like a bad idea, I’ll spend some time to do more research on the subject in my free time but for now I agree with you.