offshore profits
The massive Republican corporate tax cut won't likely encourage the return of sheltered money to America.
Some of the biggest offenders? Apple, GE and Microsoft.
Instead of making a "deal" on deferment and letting the corporations just keep this money they owe us, let's fix this loophole and give most of this tax money to the 242 million adult U.S. residents. What's left over (and there might be a lot -- as much as $215 billion) can be used to fix our infrastructure and other priorities.
WHAT'S HAPPENING
WHAT'S HAPPENING
By removing the Scrooge-like obstacles embedded in the tax code, exiled cash could be fueling our sputtering American economy instead of creating jobs and investments in China or Vietnam by American multinational corporations.