Re the news story “Lee bill would slice tax on overseas profits ” (Tribune, Oct. 6):
Sen. Mike Lee has called for a permanent reduction of the tax rate on repatriated foreign profits to 5 percent from the existing 35 percent rate.
Defending this change, Lee suggests that the $1 trillion that could be repatriated would be an engine for investment and U.S. jobs growth.
It is unfortunate that Lee turns to unsubstantiated jobs rhetoric to justify this proposal rather than to legitimate economic and policy debate about a truly interesting issue.
It’s worth asking Lee why this $1 trillion of repatriated profits will lead to…
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