Infrastructure

The repatriation of off-shore funds back into the US needs some clarification. 

Corporations with $2.5 Trillion in off-shore accounts would be able to being all or part of that money back into the US and these corporations would use it to invest in additional plants and facilities based on US market demand.

Most of these would be manufacturing operations who have been shipping their off-shore-made products back to US consumers. They want to avoid Trump’s 35% import tax. And they would benefit from Trump’s 15% corporate tax rate to allow them to keep another 20% they will need to off-set lower labor costs abroad. These investment funds could be used to build next-generation state-of-the-art manufacturing plants that could out-produce their old off-shore plants.

The maximum amount the US government would collect with the 10% repatriation tax would be $250 Billion. That would go into federal coffers to be spent in infrastructure that government pays for.  Because it is a national tax, it should be spent to maintain the federal highway system roads and bridges.

Whatever amounts are repatriated, these funds, after taxes, belong to the corporations who would be free to spend it any way they like.

Norb Leahy, Dunwoody GA Tea Party Leader