No. of Recommendations: 2
From the January 29 issue of The Washington Post comes the following:

"...Senators in both parties were readying amendments to make further changes, including a proposal that would dramatically reduce taxes, from 35 percent to 5.25 percent, on corporate profits earned abroad and brought back to the United States.

Advocates say that the measure, sponsored by Sens. Barbara Boxer (D-Calif.) and John Ensign (R-Nev.), would prompt companies to "repatriate" hundreds of billions of dollars, money that could be used to expand domestic operations and save jobs. Supporters estimate it could increase federal tax revenue by as much as $40 billion."



I recall reading Alan Sinai's suggestion to this effect in the Wall Street Journal and thinking, "Right, like that's gonna happen," but here's word that even Barbara Boxer supports it! (Not meant as a political comment; I thoroughly distrust politicians of all stripes).

So...this Post article was on 1/29, before the final version was passed. Has anyone had a look at the final bill (can you say "eyestrain?"). Is there anything there that indicates that this foreign-earnings repatriation might actually become law, however temporary?

Thanks in advance for any and all comments,

Richard
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