It’s a beautiful day in the neighborhood!  it looks like our good friend Chuck Schumer is going to make it rain for us!  I am talking Christmas, Hanukkah and our birthday all wrapped up in one beautiful phrase:  tax repatriation holiday!

I haven’t felt this excited since George W. posted the last one in 2005.  This is how it works:  technically there is some sort of tax rate for corporations—I think it is supposed to be 35% but you have to be really stupid to actually pay that…

So companies like Apple, Google, Pfizer and GE all park their earnings in offshore accounts.  And the money sits there until the rainmakers decide to let us bring the money home at a 5% tax rate.  I love this country!

Now here’s the thing..technically we are supposed to use that money for investing and creating jobs in the united states…but we don’t…we use it for our bonuses, we use it to buy back shares of our companies, and we use it to donate to the political campaigns of chuck and our other good friends…

We like to call it a mutually beneficial relationship.