Dear Senators Hagan and McCain,
On behalf of more than 1.8 million Americans for Prosperity (AFP) activists in all 50 states, I write to applaud your introduction of the Foreign Earnings Reinvestment Act, S. 1671. The bill reinstates temporarily reduced tax rates for companies repatriating earnings generated abroad. Such a policy has, in the past, encouraged a flood of reinvestment in the United States. Today it is a much-needed plan to stimulate job creation and inject as much as a trillion dollars of capital into the American economy, funds that would otherwise stay outside the country.
