Except the last tax holiday on corporations resulted in them reinvesting almost all of it into stock buy backs and dividends. The myth that lowering taxes on c

Except the last tax holiday on corporations resulted in them reinvesting almost all of it into stock buy backs and dividends. The myth that lowering taxes on corporations results in economic growth needs to die. https://www.nytimes.com/2008/06/24/business/worldbusiness/24iht-24tax.13933715.html https://www.nytimes.com/2008/06/24/business/worldbusiness/24... "A 2007 academic study by Roy Clemons, then a graduate student at Texas A&M University, that was based on earlier data, found that the tax break did not stimulate investment in the United States economy and that repatriated money was often used for disallowed purposes, like stock repurchases." https://fas.org/sgp/crs/misc/R40178.pdf https://fas.org/sgp/crs/misc/R40178.pdf "While empirical evidence is clear that this provision resulted in a significant increase in repatriated earnings, empirical evidence is unable to show a corresponding increase in domestic investment or employment"