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Countdown with Keith Olbermann: Do corporate tax holidays create jobs?

Countdown’s Keith Olbermann and Rolling Stone contributing editor Matt Taibbi speak about congresses one-time “tax holiday” for corporations and what that would mean for the jobs. This “tax holiday” would allow large American companies such as Google and Cisco repatriate their overseas assets at a 5-10% tax rate as opposed to the current rate of about 30-40%. This was supposed to create jobs by bringing money back to America. Olbermann and Taibbi point out how these companies keep their profits overseas and have instituted state-side layoffs.


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