Repatriation Rate News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We want to make sure we lowered the top rate again for those high tax states to make sure they're seeing relief as well. we want to make sure this could balance within the budget and so the decision was made to make a slight change in the corporation but move it forward so that our companies can be competitive. we heard a lot from our u.s. companies and manufactures saying we will expand under this tax reform. we'll increase paychecks so let's do it now and now our companies are globally competitive day one, so those were very important i think improvements, big improvements over the house or ...

Yes, this is a major victory for republican leaders. they believe they can get it done today. we are waiting for the final details in the bill. the big detail is how you pay for all this. we know what they are probably going to do is bump up the repatriation rate. that would be his money that the companies bring back to the united states. that will raise about $110 million and other money too. the bottom line and details they decide, right now leaders say they have the votes to pass the historic tax reform. >> old school deal making. not everything has changed. we will check back as the hour d...

There were multinational corporations that have trillions of dollars in countries that offer them better tax relief. you are trying to incentivize those trillions to come back here with a low repatriation rate. how low will that be and how much do you think you can bring back into the united states and what does it mean? >> president trump: nobody knows the exact number -- i think it's much higher than people understand. it will probably be over $3 trillion. outside of our country. they just can't get it back. they are trying but they can't get it back. it's a bureaucratic mess. in the tax rat...

For your factory, somebody has to build that. >> it certainly is. the president is looking to bring investment in from overseas and say we're going to be competitive globally and ways that we haven't been in recent years by lowering this tax rate down to 20% and then there's the issue that there is trillions of dollars overseas because of the disadvantageous tax rate. the president wants to cut that repatriation rate. we don't know what the eventual rate will be, but something that the president has talked about is a one-time page reagent tax of 10%. we'll see if he gets what he wants. >> jon:...

Energy independence, getting rid of obamacare. 15% corporate rate, 10% repatriation rate. to me, factories manufacturingng go up by leaps and bounds. speak out when that happens, everything that you laid out, there is no ceiling to what this economy can do. economic growth, we are already -- we have seen this struggling recovery from extraordinarily difficult, historical lows in this economy the worst recession since the great depression. what we are looking at now is consumer confidence is rising, a 15 year high. investor confidence. we don't have to go out and do a poll, and additional marke...