Revise corporate international revenue tax laws to promote domestic job creation.

The current tax rate for US-based multinational corporations is 35%. As a result, many corporations are bringing profits in through tax haven countries at a significantly lower rate. In order to promote job growth and increase government revenue, the federal government should (1) Remove these tax havens from the tax code and (2) promote a graduated, permanent reduction in corporate profits brought home. For example, revenue transferred to the US to purchase capital expenditure (expensive) equipment, real estate, etc. could be taxed at 25%, overseas revenue used to hire a US citizen 20%, and all other revenue taxed at the existing rate of 35%.