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Bring back the money! Allow business to pay for US construction with foreign profits.

Created by L.M. on December 07, 2012

US companies are sitting on piles of foreign cash, but they can't bring it home. Get that money moving through the US economy by lowering or eliminating the repatriation tax when the funds go to a domestic construction project. The reinvestment of the funds in new construction immediately stimulates the economy, creates jobs and redistributes wealth. Businesses are keeping the cash abroad now due to the high taxes they would pay if they brought it home, so this will not lower the tax base. It will INCREASE tax revenue since the foreign profits are paid out as materials costs and wages instead of sitting in a foreign bank.

Economy & Jobs
Government & Regulatory Reform
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