Because I always consider voting and elections to be serious topics, I thought it might be useful to post some of the references and notes that I used for the May 29th show. Some of the points were not addressed during the show due to time. – Mike Continue reading →
Thinkwing Radio with Mike Honig continues with my next scheduled show on May 29th (Tuesday at 9:30-9:55 am CT) onKPFT in Houston (90.1 FM).You can listen live when the show is on-air by clicking here: Listen Live (32k)
The date for this show was set far in advance, but by serendipitous political chance, it also turned out to be on Texas Primary Election Day. I’ve decided to do something apropos.
Foreign profits earned by American companies are not taxed by the United States until the profits are ‘brought home’ (i.e., repatriated).
Republicans have floated the idea of a ‘tax holiday’ on repatriated foreign profits so that companies are given an incentive to bring overseas profits home, so they can reputedly be invested, and thus create jobs here in the States.
Not only is this a bad idea in terms of tax policy, but even discussing it is bad tax policy. Allow me to relate an anecdote to explain, but be patient. It will take a little while to get back to my point. Continue reading →