Senate investigators, 2011: the 15 companies that brought home the most money under the 2004 tax holiday, over $150 billion, then cut 20,931 U.S. jobs, and broader studies found no overall job gain.
After repatriating over $150 billion under the 2004 American Jobs Creation Act (AJCA), the top 15 repatriating corporations reduced their overall U.S. workforce by 20,931 jobs, while broad-based studies of all 840 repatriating corporations found no evidence that repatriated funds increased overall U.S. employment.
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Senate investigators, 2011: the 15 companies that brought home the most money under the 2004 tax holiday, over $150 billion, then cut 20,931 U.S. jobs, and broader studies found no overall job gain.