Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
September 17, 2018
Trump's tax estimate off by several trillion
Daily Beast -The amount of cash that has flowed back to the U.S. after Donald Trump’s massive tax law overhaul is just 3.5 percent of what the president predicted. The revamp ended the practice of taxing U.S. companies when they brought home foreign profits, with Trump predicting: “Over $4 [trillion], but close to $5 trillion, will be brought back into our country. This is money that would never, ever be seen again by the workers and the people of our country.” However, an analysis by The Wall Street Journal shows just $143 billion has been repatriated—3.58 percent of Trump’s $4 trillion prediction. Companies have announced plans to repatriate an additional $37 billion.
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1 comment:
Color me surprised.....not.
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