Tens of thousands are protesting how big corporations own our government and Senator Kay Hagan wants to sell us out even more. Has she not been paying attention to Occupy Wall Street?

I can’t think of a bigger blunder than introducing this bill now. This is not going to go over well with the “99%.”

North Carolina Sen. Kay Hagan Thursday introduced a bipartisan bill to entice U.S. corporations to bring home offshore profits at a sharply discounted tax rate – a move she said could help jump-start a stagnant economy.

At a news conference with Republican Sen. John McCain, Hagan said that offering a tax holiday – a temporary lowering of corporate taxes for offshore profits from 35 percent to 8.75 percent or lower – would encourage companies to hire more American workers.

“More than $1 trillion of American company earnings are stranded outside of America where it is not doing one bit of good for the American economy,” said Hagan, a Democrat from Greensboro. “Companies with a North Carolina presence have roughly $200 billion sitting overseas. I want that money back in America and I want it back in North Carolina.”

via Hagan backs corporate tax holiday – National – NewsObserver.com.