[TheThinker]

And we didn’t tax their overseas profits (again) after they were already taxed where they were earned, they would bring more of their overseas profits back to the U.S., instead of leaving them deposited in the nations they earn them in.

Naw, in this economic environment, they would probably downsize or just shut down. It's easy to regulate and tax a company to death. It can be done to a country as well.

[Wuli]

Actually, a tiny but critical word got left out of my statement.

I said:

"And we didn’t tax their overseas profits (again) after they were already taxed where they were earned, they would bring more of their overseas profits back to the U.S., instead of leaving them deposited in the nations they earn them in."

And I should have said:

"And IF we didn’t [because we do] tax their overseas profits (again) after they were already taxed where they were earned, they would bring more of their overseas profits back to the U.S., instead of leaving them deposited in the nations they earn them in."