The idea of giving corporations another “repatriation” tax holiday to encourage them to bring their overseas profits back to the United States might sound nice at first, but the case for it falls apart under close scrutiny.
Corporations are conducting a massive lobbying campaign for the holiday, making the following pitch:
Vast amounts of money are overseas. Americans need jobs. Let’s bring that money home and invest it for the good of the country and we will all be better off.
Others are now adding that the tax holiday could provide money to rebuild bridges that are falling apart and other important parts of our national infrastructure