Only 3-4% of the $5 trillion promised by Trump has been repatriated after the tax cuts

to be fair this stuff takes time. what are you guys doing in the year 2525?

No, the future of the corporate tax cuts is not up in the air because even if the Congress flips the tax cuts would not be undone.

I’m not following what the midterms have to do with the tax cuts legislation that was passed, which was going to result in repatriation of cash?

You and your facts

Repatriation of money should have been a leading metric as it is a one-time holiday, after which anything can be done with the cash.

Last time this was done in 2004, the bulk of the money was repatriated within 6 months of the holiday being announced.

Oh…and btw…the results were just as dismal back then…only about $300 billion of about $2 trillion (~15%) came back in, and the vast majority of funds thatbdid come back in went into…you guessed it…stock buybacks.

As a matter of fact, three firms that participated big in the effort…Pfizer, HP, and Merck…slashed a combined 36,500 jobs from their payrolls.

So there is no historical evidence that tax repatriation drives economic growth.

I suppose there could always be a first time…

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Zager and Evans reference?

Pelosi wants her crumbs back.

I don’t know what that means in reference to the discussion.

Good grief. You think businesses put everything on hold every 2 years?

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Yeah…

I love reading posts like this. All stuff I had forgotten.

TL;DR: GOP economic policy fails once again and demonstrably doesn’t deliver on its promises.

It didn’t fail. Massive amounts of $$$ flowed straight from the voters to the most wealthy.

I wasn’t referring to the corporate tax cuts.

I briefly listened to a business segment where experts weighed in on the repatriation. They mentioned uncertainty in several areas was keeping this money offshore in the short-run. They specifically mentioned tariffs and uncertainty about the immediate future. Tax cuts weren’t mentioned.

I believe the GOP agenda is favorable to business in general. But that agenda could be in jeopardy if DEMs take back the house. I believe that is the uncertainty the commentators were talking about.

I certainly understand tariffs causing hesitation. But I do not see any link between a Democratic House or even a fully Democratic-led Congress having any short term impact. It is not like they can pass legislation that rolls back the whole legislation that was supposed to allow for this repatriation to begin with. It just does not logically track for me. I guess I don’t understand what they believed the reason behind the hesitation would be exactly? As long as Trump is President, he is not going to sign anything reversing what he has done.

Then you’re in the wrong thread. This one is supposed to be about the impact of the tax cuts in getting off-shore money back home, so those companies will reinvest it (instead of just offering stock buybacks).

The tax cuts were supposed to give them the immediate incentive to bring the money back and start reinvesting.

Could you possibly be talking about that ■■■■■■■■ interview with Larry Kudlow?

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I suppose if you’re a rich donor it’s a resounding success. However, it’s failed on its promises.