Today's Hard|Forum Post
Today's Hard|Forum Post

Sunday February 01, 2015

Senators Propose a Tax Holiday Tech Companies Would Love

Let’s say that you owe back taxes to the IRS for the past 15-20 years and the government offers you a repayment plan at a huge reduction and no penalty. You would jump on the deal like a duck on a Junebug. big grin That is basically what a proposed bill would do for major corporations that presently have all of their cash stockpiled outside of the US.

The Boxer-Paul plan stems from Congress' opposition to raising the gas tax, which has traditionally gone towards the Highway Trust Fund.