re: 'Can you tell me how this would "create jobs" & or help the Middle Class??? clo'
clo,
The tax code is set up such that international corporate profits taxed once (by other countries) get taxed a second time (by the U.S.) when they are converted back into dollars and brought home.
The U.S. is the only nation in the world that does this.
Companies aren't stupid. Because of the tax, they don't ever make that conversion, and their money abroad remains abroad - forever.
If the tax law were changed, the money could come back home where it would be use to fuel growth. I'm sure you can see how that would create jobs and help the middle class.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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