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.”
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.
July 15, 2011