As you are a supporter of P01135809 and have been lied to by him, you would not know the truth or be able to accept truth. The Cult of P01135809 does not now, nor has it accepted anything remotely like the truth. Truth is NOT allowed in the cult of P01135809, only his lies are accepted.
You accuse people like me of believing Trump lies. Yet you don't put up any proof of your comments.
For example each of these have web page to verify statements:
A) Trump was ONLY President U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years.
Thus, the U.S. attained the long-held goal of “energy independence”
U.S. energy production in 2019 was higher than U.S. energy consumption for the first time in 62 years. Thus, the…
www.instituteforenergyresearch.org
B) U.S. companies have repatriated $1 trillion since tax overhaul
Investment banks and think tanks have estimated that U.S. corporations held $1.5 trillion to $2.5 trillion in offshore cash at the time the law was enacted. Before the overhaul, companies had an incentive to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offshore. The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid assets.
That's still short of the $4 trillion in overseas profits that President Trump would return as a result of the 2017 tax law.
www.latimes.com
C) USA tax revenue will be increasing per this chart: Instead of tax revenue losses, due to tax cuts there will be MORE revenue. Here is another reason...
D) Trump helped nearly $1 trillion repatriated. A majority of people never knew that as the
biased MSM never described... only that the taxes were reduced. This chart shows the affect.
U.S. companies have repatriated $1 trillion since tax overhaul
Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to repatriate offshore funds, a Thursday report showed.
Before the overhaul, companies had an incentive to keep profits overseas because they owed a 35% tax when bringing it back and could defer payment by keeping funds offshore. The law set a one-time 15.5% tax rate on cash and 8% on non-cash or illiquid assets.
That's still short of the $4 trillion in overseas profits that President Trump would return as a result of the 2017 tax law.
www.latimes.com
Now ignorant people don't consider what did these companies do with the net amount after paying federal taxes.
Repatriation Of Cash: What Companies Are Doing With The Cash They Can Now Bring Home
What are companies doing with all this repatriated cash? A lot. But most of the action is happening on balance sheets, with stock buybacks, debt reduction, acquisitions and dividend increases currently overshadowing expanded investment in facilities, employees or R&D.
What are companies doing with all this repatriated cash? A lot. But most of the action is happening on balance sheets.
www.wesmoss.com
Again though for dummies like you, you have no idea as to what that has done in affecting the USA economy in a very positive fashion!
