Romney has a plan to repatriate cash, as you can see below. I think it is a good idea. As far as Chambers' desire to do that, why not? It's good for investment and dividends that go to Americans and retirees right here. Why should other countries benefit from the enormous profits of American companies and we should not?
ROMNEY: We have this tax, as you know, the repatriation tax. If you make a lot of money in some other foreign country and you want to leave it there, we don’t tax you. But if you want to bring it home, to invest here, then we do tax you, up to 35 percent. That doesn’t make a lot of sense to me. If you want to bring your money home, please bring it home. Bring that trillion-plus dollars, bring it here. Invest in new plants and equipment and hire people. And I know some people say, ‘Yeah but, companies might put it out as dividends.’ Well that’s OK too! I’d rather have you invest in– but get it out to people, get it out to retirees. I mean, what’s happened to the interest rate on their CDs? Get money out there. Let them use that money out there to buy things and put more Americans to work.
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