How tax reform can bring back US manufacturing jobs

In 2009, a newly elected American chief executive was faced with an economy headed in the wrong direction. A 9 percent unemployment rate fed a lack of consumer confidence and created the very real possibility of a double-dip recession.

The Obama administration’s solution was to persuade a unified Democratic congressional majority to move expeditiously on a $787 billion economic stimulus package correctly titled the American Recovery and Reinvestment Act.