Thursday, March 07, 2013
History shows what Republican policies REALLY achieve.
Rana Foroohar
Time Magazine, 1/24/2013
Congress enacted a temporary tax holiday on foreign earnings in 2004, and companies did indeed bring about 50% of their foreign cash-some $362 billion at that point-back into the U.S. But the majority of it went not to research or building factories (and certainly not to higher wages) but to the enrichment of investors through stock buybacks and dividend payments.
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