No, it was Cornyn who snuck a wee gift for himself and Cruz and their oil/ gas buddies into tax scam. Pocket money..stolen from our future. With no reason to change the status quo, pay will continue to be stagnant and money will go offshore..no taxes!
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GOP... gimme, gimme, gimme.
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Wherever the money goes, it is back in the country, it is out of the hands of government bureaucrats, and it will likely be beneficial to the economy.
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Wow what a shocker, they’re going to keep the billions they save on the tax plan? Who knew...
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Dotard still thinking companies will hire and expand even when they tell him it's not happening. It's going to dividends.
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Does it matter where corps put it? Money enters the financial markets one way or another rather than to government...
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It doesn't matter but Trump keeps promising jobs, expansion, higher wages and things his base wants to hear. It will go to dividends and CEO bonuses.
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So? If it goes to ceos or dividends, it still goes to boosting growth and economy. Where do ceos hold their money? In banks. What do banks do with the money? Lend it to business. What do businesses do? Employ people.
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Yes. Cash usually goes to stock buy back and dividend. It's their money. If we prefer they keep it out of the country, just say so. Corp tax rate cut will spur capital improvement and hiring.
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Would u rather have everybody get wealthier or everybody be poorer? Inequality is code for socialism. Look into Venezuela...
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Wealth inequality in the US blossomed in the 80s. Last admin policies didn't slow it (grew it)
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No hiring or economic boom will come from the tax giveaway to corporations.
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What do u think corps do with extra money?
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Lately they’ve been holding huge sums in cash, sometimes keeping it offshore, too. They had about $2 Trillion in cash in 2016.
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Cash is in a bank. What do banks do with that? Lend it. You’re welcome Econ 101.
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Apple has $240B overseas. Bill actually encourages US corporate to move jobs overseas. Favors tax havens.
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False. Reduces tax for money coming back from overseas. Incetivizes repatriation. Still, money gets held in banks which lend to other biz and promotes growth.
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Territorial system will encourage shift to foreign income and tax havens for profits.
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High Corp taxes currently shift people to look elsewhere. Not reductions.
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