Held Wednesday, June 15, 2011
WHAT: The Next Stimulus? Bringing Corporate Tax Dollars Home to Work in America
WHEN: 8:30am, Wednesday, June 15, 2011
WHERE: Columbus Club, Union Station
DETAILS: Right now there is over a trillion dollars in global profits earned by American businesses sitting overseas. What if we lowered the bar for companies to bring that money back home?
Third Way hosted an Idea Forum that examined the economic and policy implications of a repatriation tax holiday that would allow American multinational companies to bring overseas profits back to the U.S. for investment at a reduced tax rate.
Featuring a distinguished panel of leaders from business, labor, economics and government, the forum offered a fruitful discussion of a repatriation holiday’s impact on hiring and investment, business practices, and future tax policy. Participants included Senator Kay Hagan, (D-NC), Congresswoman Loretta Sanchez (CA-47), Congressman Jared Polis (CO-2), Andy Stern, former President of the Service Employees International Union, Jim Rogers, CEO of Duke Energy and Dr. George Schink, Managing Director and Principal of Navigant Economics.
This Idea Forum was the first public event of Third Way’s new corporate tax reform project, managed by former Congressman (and now Third Way Senior Fellow) Dan Maffei, which will advance ideas to make the code fairer, simpler, and more pro-growth.
Selected Media Coverage: