Report Abuse

You have chosen to report the following comment as abusive, offensive, or inappropriate.

This plan is terrible, and encourages foreign investment at the expense of domestic investment in a huge way, doing exactly the opposite of what you seem to think. <br> <br> There is no special tax for returning money to the US, rather, no corporate tax is paid by a company for overseas earnings until they return that money to the US. This is bad because it encourages companies to invest overseas, but with obvious limitations. However, if we do what Neal suggests, then overseas investment essentially means no corporate taxes with no strings attached, versus paying taxes on domestic investment. It's completely ridiculous.<br> <br> While tax cuts won't solve the economic crisis, they can still help our economy, but not moronic ones like you suggest. Rather we should cut domestic corporate taxes, and charge corporate taxes on certain foreign investments (specifically ones highly tied to employment), as well as taking foreign working conditions into consideration of our trade policy (so other countries can't outcompete us by treating workers poorly). <br> <br> Obama has actually proposed getting rid of the corporate tax deferral on foreign investments that encourage foreign investment over domestic. We'll see if he stands up to the Republicans.
By Lent Visor

Your name
Explanation
Security Code	* Please enter the code shown above