Professor Elam

Tuesday Sept 23 2014

The Administration shoould be working to make the US a destination of choice for sompanies world wide. But here is the Chamber of Commer take on the latest move. 

The top economist at the U.S. Chamber of Commerce released a blistering statement late Monday, saying Treasury's new guidelines would incentivize companies to create more jobs overseas. Martin Regalia, the organization's chief economist, also said "the administration just assured that deferred income in the once foreign subsidiary will never come back to the U.S. to help create income, jobs, and economic growth here."

If yo usubscribe the WSJ article is here. The econist is simply observing that none of the trillion plus dollars of American companies overseas will now come back here to be invested or spent in the US.