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by jlmorton 3075 days ago
> So what say what you will about the current administration, they managed to get something done that even some of the most tax-hungry politicians in the nation previously failed to do.

This is not terribly unique. We had a very similar (slightly more generous) repatriation tax holiday during the Bush Administration, in 2004.

1 comments

It's been 14 years, which included 8 years of tax-hungry Democratic rule. So it is at least somewhat unique.
The Democrats are tax and spend and the Republicans are borrow and spend. If you borrow and spend then you need inflation to eat away at the interest you are paying on the money. But you can only borrow so much and quantitatively ease (inflate) so much.
Also unique because a simple repatriation holiday is a far cry from restructuring our corporate tax code to make us competitive with the rest of the world from a tax perspective.