Bringing Jobs Back to the USA

As the GOP push through their tax bill, without any transparency, one of the big ticket items is corporate tax breaks.

My opinion is the government are really wasting their time, and our money giving tax breaks, especially to companies to repatriate their overseas earnings, in some kind of swap for jobs. No such thing will happen, sure there will be a few winners here and there, but nothing substantial and certainly nothing overtime.

If the government wanted to do this, they’d have been better creating an incentive program, which gave them tax deductions for each net new job they created, the longer their total employment numbers were up, net new, the lower the tax rate on repatriation would go.

I posted the following on twitter… but in a debate about it today, realized I’d left the link off for the NPR article. Here it is.