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Senator Levin today held a press conference to draw attention to a tax code provision that President Kennedy signed into law nearly fifty years ago. That provision recognized that foreign corporations which purchased U.S. Treasury securities or which maintained U.S. bank accounts were not putting those funds to work in America—they…

Congressional leaders have the opportunity in the weeks ahead to do something that is substantially beneficial to the quality of economic growth and supported by both sides of the aisle. As members of WIN America explained in their letter last month, it has become painfully clear that additional steps are…

Today marks a critical milestone for H.R. 1834, the Freedom to Invest Act, which now has over 100 co-sponsors from both sides of the aisle. These are supporters from broad political, ideological, and geographic backgrounds who are united in a simple idea: we should bring the money home, not leave…

This morning, former CBO Director Douglas Holtz-Eakin and former SEIU President Andy Stern hosted a conference call with reporters in which they added to the steady drumbeat of policymakers on the left and right calling for repatriation to be passed by the end of the year. On the call, Holtz-Eakin…

Tomorrow, former CBO Director Douglas Holtz-Eakin and former SEIU President Andy Stern will host a press conference call to discuss the economy and urge Congress and the Administration to act on bipartisan legislation that will encourage American businesses to bring home nearly a trillion dollars in global earnings. Both Holtz-Eakin…

Yesterday, a broad array of free market organizations led by Americans for Tax Reform submitted a letter to Speaker Boehner urging Congress to enact repatriation legislation this year. Bringing the money home is an issue with bipartisan support: more than 80 members of the House from both sides of the…

The National League of Cities unanimously approved a resolution urging Congress and the Administration to allow worldwide American businesses to bring their money home. The resolution, passed at the 2011 Annual Congress of Cities and Exposition, calls for immediate action to bring more than $1.2 trillion to the U.S. economy to…

Today, CEOs from America’s top businesses sent a letter to the White House and Congressional leadership urging political leaders to eliminate a barrier in the federal tax code that has effectively locked more than $1.4 trillion in private capital out of the country. The companies range from the energy, technology,…

In Congress today, Utah Senator Mike Lee introduced another bill to help bring the money home. Lee joins a significant number of Senators and Representatives that are backing repatriation as a way to stimulate our economy. Lee said: “American companies have over $1.4 trillion sitting overseas because it’s too expensive…

Last week, the Republican Study Committee released their jobs plan to kick start the American economy. Among their wide-ranging suggestions, the RSC endorsed the Freedom to Invest Act and repatriation. From the RSC’s release: Repatriation: To encourage businesses to bring the estimated $1.2 trillion of capital stranded overseas back into…