Lies about “repatriation” from the media and elites. Most of the targeted cash is already in U.S. banks.
Stagnant wages. Windfalls for the politically connected. A new tax plan primarily for the rich. Just 13 years have passed since the 2004 tax repatriation holiday, which created nearly no new jobs for American workers, but was instead used almost entirely by multinationals for stock dividends and buybacks. Many corporate execs and shareholders became instantly rich from this tax holiday, while workers’ wages were stagnant. The GOP’s new plan is […]