And of course, things like this are what the focus should be on if media wasn’t constantly deflecting.
Via Free Beacon:
The Bureau of Economic Analysis (BEA) revealed that over $300 billion was repatriated to the United States through the first quarter of 2018, a new record.
Businesses appear to be taking advantage of tax reform – signed into law by President Donald Trump at the end of 2017 – by bringing money back to the U.S. rather than investing it overseas, Fox Business reports.
During the same period last year, only $38 billion was repatriated.
Kevin Hassett, chair of the president’s Council of Economic Advisors, said U.S. companies are investing more at home since Republican-passed tax reform was implemented.
“U.S. firms that used to build their factories overseas in order to avoid U.S. taxes, they stopped in their tracks because of the tax bill, they are bringing all the money home,” Hassett told Fox Business.