U.S. Corporate Repatriation Tax

Rising oil prices & unemployment rates, faltering manufacturing production, and spikes in inflation ($ devaluation) weren't defended with hopes of a turnaround in the U.S. economy by Fed Chief Ben Bernanke yesterday as he concluded "monetary policy cannot be a panacea." The Fed Chief hopes gas prices will ease, but until employment data improves we "cannot consider the recovery to be truly established."

The Federal Reserve, in other words, is out of time, money and ideas for fixing the economy in the foreseeable future. The Fed is relying on hope. Hope that hiring picks up, the consumer re-emerges, and U.S. economic growth rises above 3 percent by the end of the year

Hope? It's time to take time tested action... the Quantitative Easing program has not worked. I say, bring back the corporate tax repatriation benefits.

U.S. Businesses currently hold approximately $1.7 Trillion dollars over seas and won't bring it back to infuse into the U.S. economy because our corporate statutory tax is among the highest in the world at 35%. Allowing corporate businesses to bring their overseas cash back to the U.S. is a time tested, effective method of infusing capital into the economy.

• It will bolster the marketplace, allowing businesses to deliver shareholder value via share repurchases and dividend issuances.
• Create Jobs, putting an end to corporate hiring freezes
• Fund R&D activity, keeping the US progressive in Science, Engineering, healthcare, etc...
• Spur GDP growth as consumer prices fall, credit decreases, and spending picks up...

The following CNN Money article gives a bipartisan, logical explanation:
http://finance.fortune.cnn.com/2011/04/29/bring-on-the-corporate-tax-holiday/

Stop printing money, devaluing the dollar, and giving capital injections to the banks that brought us to our knees in the first place.

As always, I'd love to hear your feedback and thanks for reading.

The SVTB