>>With that much money at stake it's guaranteed the best financial/legal minds on the planet will do their best to find workarounds. And not just the companies with overseas holdings, but the tax havens that are benefiting from the current arrangement.
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>It's more likely that I'll win the upcoming Masters golf tournament (a recurring fantasy) than that this idea will do more than provide Fox News with some anti-Obama ammunition.
>Given the congressional makeup, it will never see daylight.

But, as I asked earlier, how is the GOP going to argue against it? What can even Fox say?

Sure, the GOP can oppose the measure just because they can, but the Dems can make them look stupid and score some serious points. And the prospect of $280B right now focuses the mind wonderfully.