Off-Topic: CBO valuing Romney tax plan

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	Name:	water_watcher -
	Subject:	CBO valuing Romney tax plan
	Date:	3/8/2012 6:22:13 AM

Watching CNBC and they have Judd Gregg (former senator and govenor) that I personally think is someone that should run for higher office.

But he was talking about the CBO and Obama comments on Romneys tax plan related to repatriating income earned in other countries .... Obama wants to tax it at 35% to come back to the US and Romney proposed 5% (I think it should be zero). So the CBO values it and says how many tax dollars we will lose at 5%.

Gregg pointed out that we already know that business will not repatriate at 35% and will reinvest in the country the dollars are in ... so the tax revenue at 35% is ZERO .... but at 5% a high percent of the dollars will come back to the US, raise tax revenue because of it and generate investment in the US, create jobs and generate additional tax revenue.

Come on ... this is not that difficult ... if Oblamer really wanted to help the economy and create jobs he would immediately allow a year window to bring dollars back to the US tax free and we would see the results.

Other messages in this thread:

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CBO valuing Romney tax plan - water_watcher - 3/8/2012 6:22:13 AM

CBO valuing Romney tax plan - roswellric - 3/8/2012 2:11:54 PM

CBO valuing Romney tax plan - water_watcher - 3/8/2012 2:34:29 PM

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