The Briefing Room
General Category => Economy/Business => Topic started by: endicom on September 19, 2018, 05:50:31 pm
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Market Watch
Jeffry Bartash
Sept. 19, 2018
American companies have returned some of their profits held overseas after President Trump cut corporate taxes for the first time in 31 years, but most of their $3 trillion moneypot remains parked offshore.
The government on Wednesday said U.S.-based companies returned almost $170 billion in cash in the second quarter. Firms had returned $295 billion in first quarter.
Now $465 billion in “repatriated†cash is not exactly chump change. Yet it’s only about one-sixth of an estimated $3 trillion or more in profits that U.S. companies have parked overseas. President Trump said the tax law would result in $4 trillion being repatriated, generating more investment and jobs in the U.S.
More... https://www.marketwatch.com/story/repatriated-profits-total-nearly-500-billion-after-trump-tax-cuts-2018-09-19?mod=newsviewer_click (https://www.marketwatch.com/story/repatriated-profits-total-nearly-500-billion-after-trump-tax-cuts-2018-09-19?mod=newsviewer_click)
It's near the end of the third quarter so that 500 billion figure should have been topped.
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Said it before and I'll say it again.......Trump is GOD!!!!!!