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Re: NYT PAGE ONE SUNDAY: DEMS FRET ALOUD OVER OBAMA'S RE-ELECTION...

By: clo in FFFT | Recommend this post (0)
Sun, 11 Sep 11 8:59 PM | 91 view(s)
Boardmark this board | Food For Further Thought
Msg. 33279 of 65535
(This msg. is a reply to 33276 by Decomposed)

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Decomp,

This isn't "speculation."
WHY would anyone trust them now, after their tactics have taken us to the brink?

Besides, our economy is based on a flawed model, "services & consumerism" doesn't grow jobs or a healthy country.
We need to fix the "core problem" to have a strong economy. clo

In addition, firms are unlikely to invest the repatriated funds. Congress passed a similar repatriation tax holiday in 2004 and required firms to create domestic jobs or make new domestic investments to get the tax break. Nonetheless, the firms, on average, used the tax break to repurchase shares or pay dividends — not to increase investment.




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The above is a reply to the following message:
Re: NYT PAGE ONE SUNDAY: DEMS FRET ALOUD OVER OBAMA'S RE-ELECTION...
By: Decomposed
in FFFT
Sun, 11 Sep 11 8:45 PM
Msg. 33276 of 65535

That author sure has a lot of "certainty" that nothing good will come out of giving companies a break and letting them repatriate money that's already been taxed once.

However, he's wrong to claim certainty. All he has is speculation. The one thing that's actually certain is that if the tax rules don't change, billions of dollars in American money held overseas won't be brought home at all. Explain to me how anything good comes of that - except to foreign countries.


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