🚀 go-pugleaf

jmfbahciv <See....@aol.com> wrote:
> Scott Lurndal wrote:
>> jmfbahciv <See....@aol.com> writes:
>>> Scott Lurndal wrote:
>>>> J. Clarke <jclarke...@gmail.com> writes:
>>>>> On Mon, 5 Feb 2018 13:37:35 -0800 (PST), hanc...@bbs.cpcn.com wrote:
>>>>> 
>>>>>> On Monday, February 5, 2018 at 9:31:46 AM UTC-5, Scott Lurndal wrote:
>>>>>> 
>>>>>>>> "Reverse inversion".  What's "spurious" about it?  US corporate taxes
>>>>>>>> were ludicrously high
>>>>>>> 
>>>>>>> Nonsense.   US Companies were rolling in dough before the
>>>>>>> manifestly foolish tax plan was passed, which will never
>>>>>>> be paid for in our children's lifetime.
>>>>>> 
>>>>>> +1
>>>>> 
>>>>> Spoken like true knee-jerk liberals.
>>>> 
>>>> Wow, you can't support your statement so you devolve to namecalling.
>>> 
>>> A lot of that money was just sitting overseas collecting dust and interest.
>>> Now some companies are moving it back to the States using it for
>>> infrastructure and distributions to employees (which is taxed as income--
>>> so part of it is ending up in the Federal coffers).
>> 
>> Cite?
>> 
>> Many (Most?) CEO's have indicated they'll return the cash to shareholders
> rather
>> than invest in plant or people.   There obviously will be exceptions by
>> either altrusistic CEOS (one in 10000) or those currying favor from the
>> idiot-in-chief.
> 
> Shareholders have been experiencing reductions in dividends since the
> banking system imploded so they should get some.
> 
> I suspect a lot of CEO's are leery so are waiting to see if Congress takes
> it all back which they can with one pen-stroke.
> 
> What I don't know is whether the cash brought in from overseas is subject
> to an income tax; I think it is so Congress will be getting windfall
> to waste.
>

Yes, I forget how many billions they were talking about.

-- 
Pete