Successful conservative Governor John Kasich (R-OH) discussed an interesting new idea on FOX News that would bring a true and real stimulus to our economy.
One idea I had that they want to think about – there is expected to be about a trillion dollars that companies have in profits that are sitting outside of America. And a lot of these companies would like to bring this money home but the tax rates are so high that they instead are investing in places other than America. I think the notion of letting them bring that money back here at either a low tax rate or maybe a one-time pass on that would be a stimulus plan that would make some sense. It doesn’t involve public money, it involves the money that the companies have made, the profits they could bring back and re-invest and maybe improve their workforce; to buy plants and equipment and things like that. And give them a greater sense of confidence so they are willing to jump in.
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Governor Kasich appeared with Fred Thompson on Fox News last week.
Governor Kasich knows what it takes to get things done, and to do it right. The S&P recently upgraded Ohio’s credit outlook while the federal government was downgraded.