The Corporate GOPuppet Show

Corporate GOPuppets House Majority Leader Eric Cantor (R-VA), Tim Pawlenty, Mitt Romney, and Rep. Kevin Brady (R-TX)  are pushing a "Tax Repatriation Holiday" which would allow multinational corporations to bring money they have stashed in offshore accounts back to the U.S. at a dramatically lower tax rate (5% has been proposed) stating that corporations will use the repatriated money to invest domestically and create jobs.

But when  the Congressional Research Service looked at the Repatriation Holiday approved by thr Republican Congress in 2004, it found that  92 percent of the money brought back under the tax holiday was used to enrich corporate executives and buy back their own shares, not to invest in job creation. In fact, the major players like Pfizer, Hewlett-Packard, and Honeywell brought back billions of dollars and then eliminated tens of thousands of jobs.

Pat Garofalo at Think Progress connects ALL the corporate-welfare dots.

                                                                                            = G Harris-Howe