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Tax on re-patriating overseas profits is killing US jobs

Glad to see a Tech leader blog about this tax – as US companies do more and more business overseas they face a heavy tax rate that effectively prevents them from bringing the funds home to invest in growth in the US. I just don’t see how fixing this hasn’t gained bipartisan support. It’s not like we don’t need more investment in job creation. Plus the jobs this would create are better paying and would yield more leverage than “stimulus” jobs the politicians typically create. This is clearly a case where letting the private sector spend the money would be far more efficient than having the government spend it (via taxation).

via Cisco Blog » Blog Archive » U.S. Jobs, Innovation, Growth and Investment.

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