Trump said U.S. companies would rush to repatriate cash, but most have not

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Market Watch
Richard Rubin and Theo Francis
Sept. 16, 2018

U.S. companies have moved cautiously in repatriating stockpiled overseas profits in response to last year’s tax-law change, despite the Trump administration’s assertions that trillions of dollars would return home quickly and supercharge the domestic economy.

The tax-law rewrite ended the practice of taxing U.S. companies when they repatriated foreign profits. Companies, which often complained that profits were trapped abroad, held them in foreign subsidiaries, piling up global earnings to avoid additional taxes. The new law imposed a one-time tax on those old profits, removed federal taxes on subsequent repatriations and made future foreign profits generally free from U.S. taxes.

“We expect to have in excess of $4 trillion brought back very shortly,” President Donald Trump told executives assembled at his golf course in Bedminster, N.J., in August. “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.”

More... https://www.marketwatch.com/story/trump-said-us-companies-would-rush-to-repatriate-cash-but-most-have-not-2018-09-16?mod=newsviewer_click

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This is fine with me as I wouldn't want to see a flood of cash come in. What could be done with it?