Trump’S Tax Repatriation Plan Flopped The Last Time It Turned Into Attempted

When then-President George W. Bush tried the idea in 2004, the results provided little economic boost.
The effort provided little in the way of hiring and in fact saw some of the beneficiaries actually cut payrolls.
Part of the tax plan President Donald Trump unveiled this week includes giving companies breaks on profits earned overseas, an idea that has provided little economic benefit in previous attempts.
However, Trump promised on Wednesday that the repatriation of overseas cash under his administration would yield benefits.
The president put the figure of profits stored abroad at “anywhere from $3 trillion to $5 trillion.

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