What's John McCain's plan for the economy? Why, another "repatriation tax holiday," wherein companies bring money onto virtual "U.S. soil" at a reduced rate. He's going to "unveil" it today. (Bloomberg says: "Independent studies showed that when a tax holiday was last offered, in 2004, the lower tax rate for returning profits spurred little hiring or domestic investment. Most of the money was used to buy back stock.") The McCain reasoning is: "more capital in America = better for economy." Who benefits? "The proposed holiday would reward the companies that have most aggressively parked profits in tax havens such as Bermuda, the Cayman Islands and Switzerland," is what [...]