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

By MrMagic following x   2018 Jun 26, 6:41am 575 views   10 comments   watch   sfw   quote     share    


We just can't be having anymore of this positive economic news, the Liberal's heads will EXPLODE!

Despite President Trump's tit-for-tat trade barbs, America’s CEOs are not wasting anytime in taking advantage of his tax reform plan. Over $300 billion was repatriated to the U.S. in the first quarter, according to the Bureau of Economic Analysis (BEA) -- the most on record.

“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.

The BEA notes the main driver of the repatriation surge is that companies are no longer taxed on foreign earnings when returning the funds to the U.S. “We fixed that really, really stupid thing” said Hassett. By comparison just $38 billion was repatriated during the same period a year ago.


https://www.foxbusiness.com/markets/american-money-is-flowing-back-into-america
1   MrMagic   ignore (11)   2018 Jun 26, 6:41am   ↑ like (0)   ↓ dislike (0)   quote   flag        

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

2   HEYYOU   ignore (20)   2018 Jun 26, 8:49am   ↑ like (0)   ↓ dislike (0)   quote   flag        

All one has to do is have their income written on checks from foreign banks & they won't have to pay any taxes,simple. ;-)
3   MrMagic   ignore (11)   2018 Jun 26, 10:34am   ↑ like (0)   ↓ dislike (0)   quote   flag        

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/
4   bob2356   ignore (3)   2018 Jun 26, 12:53pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

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? .
5   MrMagic   ignore (11)   2018 Jun 26, 1:00pm   ↑ like (0)   ↓ dislike (2)   quote   flag        

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.
6   bob2356   ignore (3)   2018 Jun 26, 1:01pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

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.
7   bob2356   ignore (3)   2018 Jun 26, 1:01pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

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.
8   MrMagic   ignore (11)   2018 Jun 26, 3:20pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

Feux Follets says
Stock buybacks and more executive pay and bonuses...?


Ahhhh, there it is. I was waiting for that canned Rachel Maddow response.
9   APHAman   ignore (8)   2018 Jun 26, 4:03pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Sniper says
Feux Follets says
Stock buybacks and more executive pay and bonuses...?


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


Who is Rachel Maddow?
10   APHAman   ignore (8)   2018 Jun 26, 4:17pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

Feux Follets says
Aphroman says
Who is Rachel Maddow?


Someone that is object of sexual fantasies for the Team Trump ?

Never seen her once yet live, video taped or otherwise but she sounds popular. Might have to check her out.

Is she a looker ?


Just looked her up. TV host with short hair, dude looks like a lady. How much TV do these Trumpcucks watch? It’s all they ever talk about. CNN, the media. Sad that they cannot use their brain to engage in discussion, no wonder they hate Mexican Labor, seems like they are incapable of doing jobs involving any talent, skill or training




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