He has every right to, yes?
Of course Biden has the right. BUT with idiots acting like little kids..."aw... Trump is an asshole I don't like him.." attitude instead of adults like me that also despise Trump's braggart, exaggerations, loudmouth personality, I look at what he accomplished in 4 years as president.
This asshole was able to cut according to the administration, agencies in the 2020 fiscal year issued 145 deregulatory actions and 45 significant regulatory actions, for an out-to-in ratio of 3.2 to one.!
After four years of the Trump administration's well-known "one-in, two-out" campaign to streamline federal regulation, here's a look at where things concluded.
www.forbes.com
And U.S. companies have repatriated $1 trillion since tax overhaul.
The affect on tax revenue that would have never been paid on the nearly $1 trillion that came back
due to the tax cut... 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
As a result this braggart, the guy I personally dislike, was able to bring $1 trillion back to the USA from
offshore and yes while some was paid out in dividends... dividends are double taxed, i.e. while the corporation paid a one time tax of 15.5% instead of 35% (that Biden wants!!) when the corporations paid out dividends, the dividend receiver has to report as INCOME and taxed again!
This returning of $1 trillion meant new jobs, new buildings, etc. growth of the economy!
So again while I don't like Trump the asshole, I totally respect his being an EE (an EFFECTIVE EXECUTIVE)!
