With an unemployment rate still above 9%, there is a growing call from corporations for a tax holiday on money parked overseas.

Companies have as much as $1 trillion in profits stored abroad. They want to bring that money to the United States but don't want to pay taxes at current corporate rates, which max out at 35%. Some politicians are pushing for a tax holiday similar to one granted in 2004, which allowed corporations to bring back money at a 5.25% rate, The Hill reports.

Even a former union chief supports the move. Check out the following interview with Andy Stern, who formerly led the Service Employees International Union, about why he supports a tax repatriation holiday.

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Not everyone is in favor of the tax holiday. Some groups, including those representing small businesses, say it's unfair to give big corporations a break. "When powerful large U.S. corporations avoid their fair share of taxes, they undermine U.S. competitiveness, contribute to the national debt and shift more of the tax burden to domestic businesses, especially small businesses that create most of the new jobs," the group said in a letter to lawmakers this week.

Companies are very good at playing international tax laws in order to get the best rates possible, the letter added. Dodging taxes ultimately undermines the U.S. economy; instead, everyone needs to play by the same rules.

The 2004 tax holiday returned money to corporate owners, chief executives and shareholders, the letter said. One report found that a $1 increase in repatriated profits resulted in an increase of nearly $1 in shareholder payouts.

But supporters of the tax holiday say the money will help create some new jobs -- how many is unclear -- and will help revive the economy.