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Repatriation Tax Break: Bad for America

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Uploaded on Oct 11, 2011

Sen. Carl Levin, D-Mich., chairman of the Permanent Subcommittee on Investigations, discussed the report on the 2004 repatriation tax break that allowed U.S. companies to bring $312 billion in offshore earnings back to the U.S. at an extraordinarily low tax rate did not produce any of the promised benefits of new jobs or increased research expenditures to spur economic growth. Read the press release here: http://levin.senate.gov/newsroom/pres...

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