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Would Another Corporate Repatriation Tax Holiday Create Jobs? (Spoiler Alert: No)

Submitted by Michael Shedlock via MishTalk.com,

Donald Trump wants to lower the corporate tax rate on foreign profits from 35% to 10%.

Would another tax holiday create jobs?

The New York Times says “Not Necessarily”

President-elect Donald J. Trump has said he would like to create a “tax holiday” so that American companies can bring back profit that was generated overseas at a lower rate. In his view, this influx of cash will create jobs.

 

Barack Backhands Bibi

Barack Backhands Bibi

Submitted by Patrick Buchanan via Buchanan.org,

Did the community organizer from Harvard Law just deliver some personal payback to the IDF commando? So it would seem.

By abstaining on that Security Council resolution declaring Israeli settlements in the West Bank and East Jerusalem illegal and invalid, raged Bibi Netanyahu, President Obama “failed to protect Israel in this gang-up at the UN, and colluded with it.”

Taiwan Warns Beijing Threat "Growing By The Day" As Chinese Carrier Conducts Drills

Taiwan Warns Beijing Threat "Growing By The Day" As Chinese Carrier Conducts Drills

As reported yesterday, tensions between China and Taiwan rose again when Beijing sailed its only aircraft carrier, the Liaoning, which over the weekend was "shown off" conducting dramatic military drills, around the southern tip of Taiwan passing southeast of the Pratas Islands, which are controlled by Taiwan, heading southwest.

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