#Leftists attack President #Trump’s tax plan – demand everybody pay more

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The nation’s high-flying tech giants would get a huge windfall under the Republican tax plan, but economists say the companies are more likely to reward shareholders with dividend hikes and stock buybacks than in directly creating U.S. jobs.

A plan approved by the House, and a separate proposal before the Senate, both lower tax rates on foreign profits that subsidiaries of U.S. companies bring home.

A significant portion of the $2.5 trillion or so that U.S. companies hold offshore belongs to high-tech firms.

“I don’t really think this is going to have much of an impact on jobs in the United States,” said Eric Toder, an economist and co-director of the extreme left-wing Tax Policy Center.

The White House offers an opposing view, maintaining the plan would lead to more jobs and production in the United States.

Sacramento Bee

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