Discussion: AP FACT CHECK: Trump And The False Promise Of Returning Overseas Profits

Donny just being a Dick , as usual .

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The claim that “Well this is going to bring money in." is bogus to the nth degree. If the corporations intended to use their overseas cash hordes to hire more people they could have already repatriated the dollars on a tax free basis because employee wages and benefits are a deductible expense If they intended to use the funds for capital expansion they could already repatriate the amount that is sheltered by expensing allowances, first year depreciation and tax credits then borrow the balance. Just more GOP lies and misrepresentations to justify the unjustifiable.

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I REALLY wish the Dems had gotten more traction out of this. Repatriation doesn’t work. Neither does "trickle down.’

It’s just a scam through and through.

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this was a helpful article. However, I doubt the so and so’s who park their money overseas will transfer it back next year
A) they’re greedy and will sit on their hoard - it’s doing just fine in the caymans thank you
B) they have an inkling that this gift might not be around that long and there’s no payoff in transferring it back

but, it’s not a day at the office for 45* if he doesn’t lie

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Nothing in this bill helps the working men and women of America. But hey, that avatar of integrity, Bob Corker, got his and Trump got his and corporations got theirs…and Paul Ryan can finally eat a donut or something…so it’s all good…

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Apple can park it’s offshore income at zero US tax. With a few legal documents and accounting entries, it can borrow this money from it’s foreign subsidiary at almost 0% for use in the US for anything it wants. So Apple will pay 20% tax on this foreign income instead the amount of a minimal interest for the same result because…(crickets)…"Bueller…“Bueller”?

The only remarkable fact here is that Orange Pustule Hitler is spewing gibberish nonsense about taxes, and not another topic.

Life’s eternal 2 certainties and now 3: Death, Taxes, and Republicans lying about taxes.

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That radical hippie leftist George H. W. Bush called it “voodoo economics”. Everyone knows he was a secret socialist. Right?

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There is nothing preventing them from parking more money overseas after this wave, either.

Oh, and lots of the “overseas” money is already back here in treasuries.

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He means not as much money has to be laundered.

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Now 4: Trump lying about Republicans lying about taxes.

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I also wish to point out that “overseas” profits are a deception to begin with. All these monies are invested. And all money is fungible.

In other words, the “overseas” is nothing more than a ledger transaction. Indeed a good share of those investments are based on US treasuries and US stocks.

And lastly, to dispel the repub propaganda that the infusion of these monies are going to in and of themselves be it’s own catalyst of economic growth, is wrong. In order to repatriate those investments, someone is in turn going to need to buy them. A zero-sum transaction.

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And the reason Republicans have gotten traction out of it over the decades is because we have a shitty press that heard Republicans repeat it so often that they just decided to do stenography rather than challenge them on it repeatedly like they’re starting to do with tRump. Too bad they waited until the Fascist President got into office to start telling us the truth and fact-checking the lies. If it was President Pence, you can be sure the press will again revert to form and cover it like its just a difference of opinion, rather than an outright lie. Repatriation and trickle-down has been bullshit since Day One.

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If this was a Dem tax plan, the GOP would have taken the most generous estimate of the foreign ownership of US corporations and the most generous estimate of corporate tax savings and used them to rant about how much money the Dems were shipping out of the country to “the foreigners who already got rich from all the jobs the Dems drove overseas.”

We don’t have to be quite so crude, but we should be taking advantage of every opportunity to damage the GOP’s efforts to portray itself as the America First party.

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His Trump U. scam was a warm-up for this tax larceny.

Make Guillotines Great Again

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Wait, are you suggesting that Sweetpotato Stalin may have …lied? That is just so hard to believe.

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Here’s a crazy idea. The SEC can return to the PreReagan rule forbidding stock buybacks as a form of stock price manipulation prone to insider trading and demonstrating no benefit to the overall economy.

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