A lbring, Mills, and Newberry (2010) (hereafter, AMN) study the relation between proxies of debt constraints and firms’ responses to the repatriation tax holiday in the American Jobs Creation Act of 2004 (AJCA). Specifically, they investigate whether the existence of a public debt rating and the number of covenants in private debt agreements are associated with the amount of foreign earnings repatriated. Ultimately, AMN find evidence that firms’ repatriations are increasing in the existence of a debt rating and decreasing in the number of private debt covenants. Given the ongoing debate regarding the efficacy of the AJCA, which reduced the maximum tax rate on the repatriations to 5.25 percent, AMN address a research question that will be of interest to academics and policy makers alike.