Giving a tax holiday now means that no company will bring its cash back in the future. No CEO wants to bring back a ton of money only to have Congress pass ano

Giving a tax holiday now means that no company will bring its cash back in the future. No CEO wants to bring back a ton of money only to have Congress pass another tax holiday the next year. That's what the 2004 repatriation tax holiday has led to: a few jobs at the moment, but a lot of lost jobs in the long term. Instead of tax holidays or jubilees, we should just institute a sensible tax policy.