LOL. How many times has rj been burned by not reading his own links?
This is what the link and I said:
"Repatriation Holiday Would Not Increase Investment or Job Creation
According to one estimate, U.S. businesses hold accumulated foreign earnings of almost $2 trillion offshore.[5] Many businesses leave a large portion of those earnings abroad to pursue new opportunities in growing foreign markets. However, they undoubtedly also leave a substantial remaining portion abroad to logically delay payment of the U.S. tax.
A repatriation holiday would remove almost all the accrued tax liability on that income if businesses repatriate their foreign income to the U.S. during a certain period of time. The thinking is that businesses would invest domestically the large amounts of money they would bring back, which would mean more jobs and higher wages.
Businesses, like individuals, respond to incentives. If the U.S. offered a repatriation holiday, businesses would no doubt bring large amounts of foreign earnings back to the U.S. to reduce their deferred tax liability. Indeed, the last time the U.S. offered a repatriation holiday in 2004 businesses brought back $362 billion.[6]
However, the holiday did not have the anticipated positive economic benefit.[7] Cutting taxes is generally a good thing, but it must be done in the right way to achieve its intended results. A repatriation holiday increases investment only if businesses face domestic cash constraints preventing them from acquiring the capital necessary to make planned investments. At the time of the 2004 holiday, businesses had ample cash on hand and ready access to capital in credit markets at reasonable rates.[8] Since the businesses did not need the overseas cash to invest domestically, they brought it home and used it to pay dividends to shareholders, buy back shares, or acquire other businesses."