10 Mar 2004 Invest in USA
Posted at 01:00h in Blog
Sean over at the Everything I Know Is Wrong blog posted Project 21’s press release of today on a logical and, for once, bi-partisan way to get more investment into the U.S. economy: reduce tax policies that encourage U.S. businesses to keep their foreign-made profits out of the U.S.
Unfortunately, we had a typo in the press release that made its argument seem less compelling than it truly is. We wrote: “According to a study by the financial services firm J.P Morgan, Chase and Company… the enactment of legislation reducing the tax rate could bring $300 million of that profit back into the U.S. economy…”
The actual figure is $300 BILLION, not million.