The GOP wants to give a tax holiday to US Corporate tax dodgers who have stashed money overseas. The argument is that such a tax holiday would flood our economy with new cash.
They were treated to such a holiday in 2005, and according to MIT economics professor Kristin Forbes, who was a member of Bush’s council of economic advisers:
“For every dollar that was brought back, there were zero cents used for additional capital expenditures, research and development, or hiring and employees wages.”
Tax cuts, benefits and subsidies for the rich do not make them “job creators”.