From the Houston Chronicle — Originally published Monday, June 1

… [Texas Republican Rep. Kevin] Brady … says the Obama administration has the wrong approach in targeting American companies’ international sales to produce a quick fix for the federal government’s revenue emergency. …

Brady believes there’s a better way. The bill he first offered last January … would reduce taxes and could bring an estimated $600 billion in new investment to these shores while adding thousands of jobs, according to his calculations.

This could all be accomplished, Brady argues, by repatriating “stranded profits” from U.S. companies’ international sales. These dollars are effectively blocked from returning here by a U.S. tax bite of 35 percent. The bill would lower that rate to 5.25 percent for a one-year period. The hundreds of billions of dollars expected to flow back into this country would be required to be reinvested here.

… An audience with Obama or his senior advisers on trade and taxation would help. … We encourage the administration to give him and others backing H.R. 507 a careful listen.