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The long-shot campaign for a bill to allow companies to bring home hundreds of billions in...

The long-shot campaign for a bill to allow companies to bring home hundreds of billions in overseas profits at a bargain tax rate gets a boost as sources say NY Senator Schumer is warming to the idea. If it passes, look for share buybacks and dividends to increase at the affected firms.
Comments (5)
  • The Geoffster
    , contributor
    Comments (4010) | Send Message
     
    What's the catch? Massive campaign contributions for Schumer and promises of hiring by the affected companies in NY? Use of corp. jets, hookers and exotic vacations?
    21 Jun 2011, 09:32 AM Reply Like
  • kmi
    , contributor
    Comments (3984) | Send Message
     
    Dammit Schumer, give me a tax holiday too if you're gonna support that crap.
    21 Jun 2011, 09:33 AM Reply Like
  • wyostocks
    , contributor
    Comments (7641) | Send Message
     
    kmi.....I suggest you increase your campaign contribution's to Schumer to the level of Jeff Immelt's and you too will get included in the bill.
    21 Jun 2011, 09:42 AM Reply Like
  • Monngie
    , contributor
    Comments (928) | Send Message
     
    kmi

     

    Amen!
    21 Jun 2011, 10:36 AM Reply Like
  • farmer448
    , contributor
    Comments (229) | Send Message
     
    So you give the multi-nationals a tax break by letting them defer taxes on earnings until dividends are paid. But in the mean time they are allowed to take a credit for foreign taxes paid on those earnings.

     

    So lets change it so that taxes are due when income is earned. No more deferrals.
    21 Jun 2011, 10:12 AM Reply Like
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