patrick.net

Can't we just impeach him already and get this over with?

Public Companies Are About to Be Flooded With Cash.

U.S. companies will soon experience a tsunami of free cash flow. Because of the new Trump-GOP tax plan—the Tax Cuts and Jobs Act—we estimate American companies will have over $2.6 trillion of additional cash over the next five years. This will come from three sources: repatriated overseas cash, future foreign earnings, and lower corporate taxes on domestic profits.

Under the new tax act, the incremental cash flow from repatriating past foreign profits is likely to be much higher—above $1 trillion over the next five years. The foreign profits of U.S. companies held abroad have increased dramatically—from approximately $600 billion in 2004 to over $2.5 trillion in 2017. In 2004, companies paid a repatriation tax on foreign profits only if they were brought back to the U.S. By contrast, the new tax plan assesses a repatriation tax on all foreign profits held abroad, so there is no extra tax cost for bringing them back to the U.S.

The future foreign profits of U.S. companies will total over $2 trillion during the next five years. Under the new tax act, these future profits may be repatriated to the U.S. without paying any additional U.S. corporate taxes. We estimate that American companies could reasonably allocate half of this total, or $1 trillion, to capital investments in the U.S.

http://fortune.com/2018/01/10/trump-new-plan-bill-tax-cuts-jobs-act/

Sniper says

We estimate that American companies could reasonably allocate half of this total, or $1 trillion, to capital investments in the U.S.

So why didn't it happen last time money was repatriated in 2004? It's different this time some how? .

bob2356 says

So why didn't it happen last time money was repatriated in 2004? It's different this time some how? .

Go ask your pal Bernie, he was involved in passing laws back then too, just like now.

Sniper says

“U.S. firms that used to build their factories overseas in order to avoid U.S. taxes, they stopped in their tracks because of the tax bill, they are bringing all the money home,” said Kevin Hassett, chair of the president's Council of Economic Advisers, during an interview on FOX Business’ Varney & Co. in June.

If they built factories with the cash how do they have the cash to bring home? Total nonsense. The cash is sitting in offshore tax havens waiting for the next tax holiday to bring back and pump up the stockholders.

Sniper says

American money flowing back into America, RECORD $300 BILLION REPATRIATED TO USA

Of course they are bringing it back. No one including the conservative boogeyman libruls ever said it wasn't.

Sniper says

bob2356 says

So why didn't it happen last time money was repatriated in 2004? It's different this time some how? .

Go ask your pal Bernie, he was involved in passing laws back then too, just like now.

No answer as always.

Feux Follets says

Stock buybacks and more executive pay and bonuses...?

Ahhhh, there it is. I was waiting for that canned Rachel Maddow response.