Repatriation Tax

The Tax Act reduces the US tax that was required to repatriate cash earned overseas by US corporations.

The 15.5% corporate cash repatriation one-time tax is said to allow an expected $4 trillion in cash to return to the US.  The tax would yield $620 billion going to the US treasury and $3.38 trillion going to US corporations to invest in the US.

The reduction of the corporate tax from 35% to 21% gives US corporations the opportunity to keep and reinvest the 14% of income to allow companies to return manufacturing to the US.

Norb Leahy, Dunwoody GA Tea Party Leader