Kasich: Tax Amnesty for US Corps overseas to come home

"Let them bring back their money here at a lower tax rate"

From Eric Dondero:

Straight out of a libertarian playbook, Republican Governor of Ohio and former House Budget Chairman John Kasich proposes a one-time tax amnesty for corporations willing to invest back in the American homeland.

there is expected to be about a trillion dollars that companies have in profits that are sitting outside of America. And a lot of these companies would like to bring this money home but the tax rates are so high that they instead are investing in places other than America. I think the notion of letting them bring that money back here at either a low tax rate or maybe a one-time pass on that would be a stimulus plan that would make some sense.

Note - This website was an early and enthuisastic supporter of Kasich and Lt. Gov. Mary Taylor in 2010, despite the whining and snickering among some libertarian purists. A check of top libertarian websites shows no reporting of Kasich's tax amnesty proposal at Daily Paul, LewRockwell.com, Cato.org, LP.org, or Reason.

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