March 20, 2017
But junking Obamacare is only the beginning.
The biggest story is that about $2 trillion will be repatriated and invested in the United States next year when President Trump holds a tax amnesty (dropping the corporate tax rate on overseas profits to 10 percent temporarily).
What a big deal it was when Ford announced after Trump won that it was investing a billion bucks in American plants.
That $2 trillion is like 2,000 Ford Motor Companies. That is almost three times as large as Obama's first stimulus, and instead of failing, it will work because companies will decide where to invest, not politicians. And instead of costing taxpayers $787 billion, the Treasury will add $200 billion from the amnesty tax on the repatriated money. Don Surber: Media misses story of its lifetime
Posted by gerardvanderleun at March 20, 2017 9:24 AM. This is an entry on the sideblog of American Digest: Check it out.