Posted on 06/26/2018 6:28:46 AM PDT by GonzoII
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.
(Excerpt) Read more at foxbusiness.com ...
Apples fall from tree. Bears crap in woods. Supply meets demand.
The President wants only $25 billion for the wall.
The businesses repatraiting the $300 billion need to invest that money.
The treasury should issue $25 billion of gilt bonds and offer them to the companies needing a rock solid investment paying a decent dividend
Yes, increase the national debt with a wind fall of funding
$25 billion is chump change in the federal budget. The same as chewing gum money in your budget.
Money has nothing to do with the wall.
Congress wouldn’t fund it if it was $25 thousand.
You’re right. It’s not about the money, and never has been. If they wanted a wall built, it would have gone up in less than a year. Our politicians just don’t want it built.
Exxcellent!!!
Any other person would probably put a starting amount at $100 billion and estimate 20 years minimum for the whole thing.
“You’re right. It’s not about the money, and never has been. If they wanted a wall built, it would have gone up in less than a year. Our politicians just don’t want it built.”
Want the wall built? Simple answer, but the Republicans will have to stay strong when the bill comes due. Grant everyone in the US amnesty today, however the wall must be completed first before any illegal can be on a road to citizenship. This will force the Democrats to either poop of get off the pot.
If they agree, build the wall. Then hold up the amnesty bill in congress for as long as possible. Change the verbiage to say that any illegal with a criminal record will be deported with his entire family. Let the Rats accept or reject that.
Then keep moving the goalposts and force the rats into voting. Buy the time amnesty is given, Nikki Haley will be in her second term as President.
Good News... thanks for posting.
This is great, but “repatriation” isn’t accurate. The foreign profits were never here in the first place. It’s actually “patriated” money!
Winning!
Yes, well done, Mr. President!!!
I like the way you think
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