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Intelligently utilize US companies' desire to repatriate offshore profits, to create jobs and stimulate the economy.

Created by T.C. on October 24, 2011

There's got to be an intelligent way to do this. It could possibly create millions of jobs! Let's set anti-corporate ethos aside and objectively deliberate about what's good for America. Here's an idea for a starting point that can be tweaked around: Let companies wait ~5 years before paying taxes on repatriated profits. After the ~5 yrs, they'd be allowed to deduct, from taxable repatriated profits, 3-5 (or w/e) times the total compensation paid to NEW EMPLOYEES, over those last ~5 yrs. Leave rates alone. Prevent unintended consequences. Something like this has to be better than nothing - especially when doing nothing on this will compel American companies to favor creating jobs overseas. To justify keywords: Steve Jobs was for $ repatriation incentives. So are tech companies like Google.

Budget & Taxes
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