re: #199 HoosierHoops

Here is my idea..You can’t penalize corporations and drive them off-shore..Let’s just tax any overseas money that returns to America at a very low rate..Say 10% or so.. Big Biz would be scrambling to pay the lowest rate in the economic Powerhouse America.
We could build trust over a period of time..And don’t forget 10% of something is better than nothing.

We had a “one-time only” tax holiday back in ‘04, under the promise that the money repatriated would go to creating jobs and building companies. It went to shareholders and investors instead.

You make it 10% and in a year’s time, there will be Republicans on Capital Hill arguing for 5%, with some asking aloud why we have a tax at all.