Quote:The highest repatriation of foreign profits in the last 10 years happened in 2015, under Obama's administration... he's also offered to lower the tax rate on the foreign profits down to 19 percent. 300 billion was repatriated in 2014..


I agree with a bit of what jj's position. However, the idea that the US's tax system is burdensome or draconian is hyperbolic at best. As someone that works with 1120's quite a bit, it's my experience that multinationals and even very large national corporations get tons of opportunity to lower their effective tax amounts. I mean, let's remember here, the tax they pay is based on net profits. And, you're gonna have to trust me on this one, what these huge companies day they make on their annual reports to the SEC and their shareholders is significantly less than what they report to the irs
... and it's all legit and legal.


To back to jj on another point, nobody is saying we're gonna have a manufacturing renaissance. There are obvious industries where developing nations have a competitive advantage. And that's fine. But the trade policies of out nation should be created to protect those other industries in which we can compete.


Lastly, free trade is a good thing. But there is a qualifier to that statement. Free trade is a good thing for shareholders and corporations that can take their capital where ever it's more advantageous. Free trade is bad workers because it drives down wages...