If they wanted to give employees higher wages why haven’t they done so already??
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And give it all to their C level employees and owners. TaDa!
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Most companies didn't "move" money offshore, the earned it offshore. They paid taxes on the money earned to the country where it was earned. They dont want it taxed again by the US, so they leave it offshore. Bad headline
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And make them spend most of it back in the USA! Maybe an earmark in the bill??
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I don't like the tax plan, but sometimes we have to do what is best for our nation. Bringing 3 trillion dollars in profits home sounds good. What will the business do with the money?
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What makes you think those corporations & the greedy rich will do anything to benefit the US? Certainly, there's no evidence that they will. Trickle-Down doesn't trickle down!
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I agree with you. I hate regulations, but this would be the only time I would want a government body to regulate and ensure that the money is either going to higher wages, increase human jobs or actual investment in infrastructure using private business.
End of conversation
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Where is their home? Not in the USA.
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@derrickg745 Just a thought why do you allow them to keep so much money abroad in tax Havens
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Trickle down piss - "Although the break was intended to spur investment and hiring, a plethora of studies showed that companies responded by spending billions buying back their shares, lifting their stock prices, and didn’t expand their American work forces."
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There will always be cheaper tax shelters. Why the hell would they bring a dime "home." Not that globally run corporations have a home to begin with.
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@LindseyGrahamSC@SenatorTimScott Sounds like this won't benefit your constituents. South Carolina is a poor state.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Isn't this a good thing? More capital to put to work in America?
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Most corporations already don't pay taxes..this plan is a
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So in other words possible unquestioned money laundering. Make it easier for foreign money influence.
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