Bring Back Foreign Profits Already Taxed

___Multinational corporations should bring foreign profits home with no additional penalty. The taxes have been paid, and the cash sits in foreign banks stimulating foreign businesses.

___Ideally corporations should pay zero tax since taxes are an expense which must be included in the cost of the product making them uncompetitive. Foreign countries do not include the VAT on exports. This gives U.S. companies an additional disadvantage. Congress should pass a tax holiday for the foreign profits of U.S. multinationals already taxed.

___This will stimulate the economy, and the Democrats will take credit, but most Americans will be helped. This would be different than the misguided "stimulus" in 2009 which took money from taxpayers - who spend frugally - to give to the political class -who spend profligately. See 27 Jan 2016 post for more.