Unlikely. It presumes firms want to hire, but don't have the money to do so. But profits and cash reserves are high, borrowing costs low.
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Replying to @NGrossman81 @Roy__Cohn
They tend to use tax havens as an accounting trick, not as production locations. Tax holiday create some repatriation, raising some revenue.
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Replying to @NGrossman81 @Roy__Cohn
But when that's happened in the past, the result has mostly been things like share buybacks and dividend increases, rather than hiring.
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Replying to @NGrossman81 @Roy__Cohn
And it creates moral hazard. Basically tells corporations to hide money in overseas tax havens and wait until the next tax holiday.
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Replying to @wwwwwww2y @Roy__Cohn
There's a good argument to be made about some regulations. But that doesn't apply to the estate tax or upper income tax rates.
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Replying to @wwwwwww2y @Roy__Cohn
It applies to very few people (I'll hazard a guess and say not you). And it's not most (i.e. less than half).
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People who want to be rich want to be rich. Having an estate tax hasn't changed that, and getting rid of it wouldn't change it either.
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