“Abolish the corporate tax rate and watch jobs flood back”
That would bring the profits from foreign operations back, but not many jobs. The jobs were driven off by regulaltions. My company dealt with a city, county, state and the federal EPA. They all had inspectors and inspections. Any inspector at any level can shut your doors instantly. We were a small quantity generator and the impact should have been near zero. But before each inspection the entire plant and outside was spit-polished. There was an EPA engineer hired at around $110k plus bennies to deal with them. Once they made us spend an extra $50,000 to secure a temporary storage facility to their specifications because it had a dozen 55 gallon drums of water soluble cleaner. (Rediculous.) Then there’s the impact of the local tax people. To save money the company had only built half of the approved parkinglot. When they went to build the rest the county required a second environmental impact statement. (This was a former pasture in an industrial park.) That cost as much as the company saved by delaying the paving until they needed it. Government at all levels view companies as cash cows to be milked. Then there’s all the legal shenanigans about employees. Oh, and the taxpayer will pay for a lawyer if an employee feels like he’s racially discriminated against. That’s an industry all of its own. None of this exists off-shore. So it’s MUCH cheaper even though the labor situation off shore has its own problems.
If you want jobs back get the government out of the employer’s wallet.