Sunday November 23, 2014

Sen. Hagan considers repatriation tax holiday for companies

Senator Kay Hagan (D-N.C.) is looking to establish a tax break for U.S. corporations bringing home profits held overseas.

According to NASDAQ, Sen. Kay Hagan (D-N.C.) is considering including in future legislation a tax break for U.S. corporations bringing back profits held overseas.” Political analysts see this as proof that a repatriation tax holiday is garnering more support among moderate Democrats. Hagan spokeswoman Sadie Weiner confirms, “Senator Hagan is looking closely at any creative, short-term measures that can get bipartisan support and put people back to work. One such potential initiative is a well-crafted and temporary change to the tax code that encourages American companies to bring money home and put it towards capital, investment, and–most importantly–American jobs.”

Comments on “Sen. Hagan considers repatriation tax holiday for companies”

  • Mike Matthews says:

    Hon. Senator Hagen,
    I’m a constituent and supporter in Southport, NC.
    I urge you to carefully review the dismal results of recent ‘tax-reduced profit repatriations’ from off-shore havens by corporate tax-evaders before you lend your support to this latest rip-off attempt.
    Yours truly,
    Mike Matthews

  • Anne Leyden says:

    I am taken aback that you would consider such a move. The only thing that will come from this will be more profit for these companies. Jobs are not created by companies; jobs are created by demand and demand is created by putting people to work. Sure company’s will take this largess, but they will not create jobs.

  • Mariam Whittelle says:

    Have you and other legislators ever thought that perhaps another way to address this issue is to HEAVILY TAX corporations who gain excessive overseas profits? Surely this is possible, would be a preventative measure of US dollars going abroad, and raising the coffers here at home. Why would anyone think this might be unfair?!?!?! Sure beats the other way around.

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