WASHINGTON, June 18 President Barack Obama does
not support the idea of a corporate tax repatriation "holiday"
that some Republicans in Congress have said could help boost the
coffers of the dwindling Highway Trust Fund, the White House
said on Wednesday.
"The president does not support and has never supported a
voluntary repatriation holiday because it would give large tax
breaks to a very small number of companies that have most
aggressively shifted profits, and in many cases, jobs,
overseas," White House spokesman Jay Carney said.
A one-time holiday in 2004 saw 15 firms get more than 50
percent of tax breaks worth billions, Carney said.
(Reporting by Roberta Rampton; Editing by Susan Heavey)