Money Morning's Fitz-Gerald Debates the Corporate Tax Break Proposal
March 23, 2011 at 14:43 PM EDT
Lawmakers in Washington are mulling a one-time corporate tax break on foreign earnings that could provide a bonanza to many U.S. multinational corporations. If enacted, the holiday would allow U.S. corporations to bring home profits they stashed overseas at a much lower rate - about 5% as compared to the usual 35%.