A Top Republican Backs Tax Break on Foreign Profit

NEWSMAX:  A top Republican in the U.S. House of Representatives said Tuesday he backs a tax break for companies on foreign profits brought back to the United States.

Under repatriation, companies can bring home profits earned abroad for a certain period of time under reduced tax rates.

House Republican leader Eric Cantor of Virginia, home to tech companies pushing for the tax break, was responding to a question during a briefing to reporters…  (more)

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