They might. The theory is that lower taxes, less regulation, and bringing back dollars from overseas will increase the economy as a whole, allowing for more opportunities for the working poor and everyone else.
Will have to wait and see if it happens.
You mean like the last time we tried that scam and eight of the ten top companies that benefited from it cut jobs?
All it did was make some rich people richer and some workers unemployed. But let's try it again.
http://www.wsj.com/articles/SB10001424052970203633104576623771022129888
"The 15 companies that repatriated the most after the 2004 tax break on the return of overseas profits later cut a net 20,931 jobs between 2004 and 2007 and slightly decreased the pace of their spending on research and development, found the report surveying 19 companies' activity."
"However, repeating the 2004 repatriation tax break has already come under criticism from skeptics, including the conservative think tank the Heritage Foundation, who have argued that companies aren't low on capital and the tax break won't nudge them into making any investments they wouldn't already make.
The five companies that benefitted the most from the 2004 tax break included Pfizer Inc., Merck & Co., Hewlett-Packard Co., Johnson & Johnson and International Business Machines Corp., repatriating $88 billion, or 28% of the total amount brought back to the U.S., according to the report. In total, 843 companies brought back $312 billion, the Internal Revenue Service has assessed.
The report noted that Pfizer had the single largest share of the repatriated profits, bringing home $35.5 billion in foreign earnings, while also cutting 11,748 U.S. jobs between 2004 and 2007. Similarly, IBM brought back $9.5 billion, but cut 12,830 jobs, the report stated, citing answers from the companies in response to its questions."
This is a cynical scam to enrich a few and fuck American workers.
