"The objective is passing legislation which initiates permanent tax policy to encourage US corporate repatriation of foreign profits via:
"1) Imposing a 5.25% US corporate income tax rate on repatriated foreign profits;
"2) Allowing a 50% tax credit against that 5.25% tax (effectively reducing the tax rate to 2.625%) for investment in qualified job creation projects, hiring those unemployed for more than twelve months, or who otherwise qualify as members of the non-participating percentage of the US civilian work force, now numbering several million Americans. US employers would have to invest in such qualified job creation project during their fiscal year, receiving the credit when the corporation files its annual corporate income tax return. Such repatriation income tax provisions would then be made permanent;
"3) Designating qualified job creation projects defined by United States Code and Treasury Regulation, but targeting the long-term unemployed. Receiving such funds can be facilitated by local banks which can be administered by the Federal Reserve Bank, as in the case of Treasury, Tax and Loan accounts;
"4) The amount of qualified assistance to employers from US Treasury funds might be broken down as follows, a) $5,000.00 per each person hired from the long-term unemployed pool as would be defined in US Code and Treasury Regs, and maintained in such employment for twelve consecutive months, and b) $2,500.00 per such employee hire provided to employees via such employers for job retraining tuition costs at a local community college, trade school or other relevant training program from an appropriately accredited educational institution;
"5) If such repatriation plan were successful in bringing back $2 trillion into the US, and all such US corporations participated in the job creation program to receive the income tax credit, it would generate billions of dollars available for new hires and training, millions of new jobs, and put billions of dollars back into the US economy. The multiplier effect, or the velocity of money in the economy would be a multiple of the billions made available for this program. The result would be a profound improvement in the economic climate"
Source: Candidate's Website 2015 https://www.brookscullison.com/job-creation---us-tax-policy.html