American corporations dramatically increased the amount of offshore profit they brought back to the U.S. last year, but not nearly as much President Trump predicted as part of a trillion-dollar tax cut in late 2017.
In 2017, companies brought back a total of $155.1 billion in offshore cash, the Commerce Department said.
As opposed to the $0 we would have gotten without the GOP tax plan.
no problem..then it will happen next year
No wonder. The tax is too high. Should have been 10%.
$665 BILLION is still roughly $665 BILLION more than Obama ever repatriated. Not to mention that the IRS collected approx. $103 BILLION in taxes on that repatriated money at a 15.5% rate. But let’s just complain that realDonaldTrump missed on his estimate...
trump never is accurate on anything he says !
How much did Obama bring home ?
How much did they bring the year before? More or less? Was this above average for last few years?
The rich got richer, which is what the tax bill was really about. 😉
This isnt going to get the response you wanted cnbc
Headline should be: US Companies brought home $155 billion in overseas cash BEFORE tax reform and $665 billion AFTER the tax reform...
Lol it’s $665B that would have stayed over-seas without tax reform. Propagandists
Oh well give back the 665billion then... Stupidity right here at CNBC
$655 billion more than Obama tbh
How much did they bring over in 2015?
Still $665B
As if .67 trillion isn’t a trillion times more than previous administrations?
Come on. How much did Obama bring home?
Would it have been better left overseas? PATHETIC POLITICAL ‘HIT-JOB’! cnbc
Another Trump broken promise.
Better than leaving that money overseas.
GOPTaxScam
Compare this to Obama.
Much, much more to come. Sorry, Dems.