Detailed text transcripts for TV channel - MSNBC - 20180920:15:32:00
Those foreign earnings in those foreign countries because companies, they didn't want to pay higher u.s. taxes on them. so the new tax law lowered the rate from 35% to 15.5% for liquid assets and just 8% for hard assets like real estate. in return, the president promised as much as 4 to $5 trillion would be repatriated brought back to the united states because of a lower tax rate, and those companies would be spending that money here. that sounds awesome, right? according to a new analysis from the "wall street journal" only $143 billion has come back to the u.s. so far since the law took into...