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Pleased to meet you citi studen loans @NinjadeTokyo raises a good point that most funds are on foreign shores and are likely to be invested there. But investments are done with after tax dollars subject to deductions and exemptions, so the other purpose of the law is to stimulate US job growth. Also, it is understood that much of the growth of this cash is to park funds in a tax free account. The reason for this is that there really isn’t a safe place to invest this money. So it sits there unused until the economy gets better. This is a job killer. I say tax the exess cash and put it to use paying teachers and building the infrastructure of tomorrow.
charity money European shares on the broad FTSEurofirst 300 opened up 0.6 percent and core and peripheral euro zone debtmade early gains as a deal to drip-feed Greece the latest 6.8billion euro instalment of its bailout added to the upbeat mood.