Trump wants to hand corporate America a sweet tax deal but it doesn't look like CEOs will share th

[applegrove]

Trump wants to hand corporate America a sweet tax deal — but it doesn't look like CEOs will share the wealth

by Linette Lopez at Business Insider

http://www.businessinsider.com/trump-tax-reform-could-lead-to-more-buybacks-not-pro-growth-spending-2016-11

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Donald Trump wants to reform America's corporate tax system and give companies a sweeter deal that encourage them to bring profits home, instead of stashing them overseas.

Once some of this $2.6 trillion is back onshore, it could fuel investment and expansion and hiring and acquisitions in the United States.

But corporate America may not be interested in sharing its new tax break with the rest of the country.

Instead, Goldman Sachs is predicting that the companies in the S&P 500 Index — the 500 biggest public companies in America — will spend a record amount of money on stock buybacks next year.


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[liberal N proud]

1. History proves that