Utah governor joins corporate-tax-holiday push

The WIN America Campaign, a coalition of businesses and business groups, has been lobbying for a tax holiday, saying that giving multinationals incentives to bring more of the estimated $1 trillion they have parked overseas into the U.S. would help stimulate the economy. 

A previous holiday, enacted in 2004, temporarily reduced the rate for repatriating overseas funds to 5.25 percent. The current top corporate tax rate is 35 percent.

The idea of a new holiday has received some resistance in some corners of Washington. The Obama administration, for instance, has said that it will not consider a repatriation holiday outside of the context of broader corporate tax reform. And some top congressional Democrats have expressed skepticism that the last holiday was particularly helpful on the job-creating front.