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Sitting Atop Trillions: What Would Business Do with Another Tax Break?

Policy Shop - Conservatives routinely declare that businesses can’t hire anyone because tax burdens are too high (or "uncertain"—the bête noir of the day) and the way to create jobs is to give business more money. Among other things, corporations have launched a new campaign in Washington for a tax repatriation holiday that would allow businesses to bring home as much as $1 trillion in offshore profits at a very low-tax rate, cash they say could be used to create jobs and boost the economy.

But business already has plenty of cash, and if you look at what corporate America is actually doing with this money, it’s not pretty.  Read more.

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