Time for a Holiday That Brings Full Employment

Dec 9, 2013 – Friday’s unemployment figures of 7%, while perhaps slightly more cheerful than expected, still mean that roughly 11 million people are out of work and that the U.S. economic recovery remains stubbornly sluggish. That’s why it is truly the season to take the long-overdue step – remarkably a simple step, really — that would bring over $1.5 trillion in offshore corporate profits home. By removing the Scrooge-like obstacles embedded in the tax code, this exiled cash could be fueling our sputtering American economy instead of creating jobs and investments in China or Vietnam by American multinational corporations.