Originally Posted by crucifissio

bush did the same tax "holiday" and most companies just rewarded big shareholders and cut jobs in the USA to make up for what they had to pay in tax and tenders...no new jobs were created and more incentive was given for companies to do the same and await the same "holiday" again...it did not stimulate the economy in any way except for the shareholders who are by definition mostly the %1...trickle up LOL

the new %20 tax rate will do nothing...why pay %20 when you can pay 0% offshore?...the tax "holiday" of 10% will do nothing...maybe they will use the "holiday" to temporarily inflate prices of shares to reward themselves but it has 0 to do with prospering the economy of anybody but the 1%...

it did not keep american businesses in the USA as history already showed you...it only rewarded people who gamed the system in any way they could...oh and there is the question of who will foot the bill for the 15% discount big money just got...



heres how a real plan would work:

"oh you are keeping 100-s of billions abroad and gaming the system but you want to keep selling in the USA? well tough nipples! re-patriate the money and pay full taxes and maybe we will let you sell in the USA again"

but this was never about the economy and about the people...it was about the %1 and tax breaks for cronies...congrats if you have stocks and if this will make you $$$...