An army of lobbyists supported by tech giants Google (GOOG -1.1%), Apple (AAPL -0.8%), Cisco...

|About: Apple Inc. (AAPL)|By:, SA News Editor

An army of lobbyists supported by tech giants Google (GOOG -1.1%), Apple (AAPL -0.8%), Cisco (CSCO -0.7%), and other tech giants mobilizes in DC with a singular goal in mind: create a tax holiday for $1T in profits sitting offshore. Though advocates say a repatriation holiday will help regenerate the economy, studies indicate the biggest effect from previous tax breaks is less dramatic...more stock buybacks.