A tax holiday on overseas profits - floated by Senators McCain and Hagan as well as supported by...

|By:, SA News Editor

A tax holiday on overseas profits - floated by Senators McCain and Hagan as well as supported by Silicon Valley tech heavyweights - starts to enter the political debate again after GOP nominee-hopeful Rick Perry slides in a temporary repatriation holiday into his plan. The real sticking point for Dems - and possibly other Repubs - may be the "territorial" tax that Perry proposes, offering multinationals an even larger incentive to expand and invest overseas, according to a left-leaning economist.