Here's why Trump's plan for a corporate tax holiday won't grow the economy

It's one of the vague parts of the Republican tax framework: some sort of one-time holiday to get corporations to return untaxed overseas profits to the US. Currently, the US seeks to tax the entire worldwide profits of US corporations, but it taxes foreign profits only once they're brought back here. So companies tend to leave foreign profits abroad, which allows them to delay paying taxes, often indefinitely. In 2004, Republicans implemented a "repatriation holiday" to get...