US companies bring home $665 billion in overseas cash last year, falling short of Trump pledge

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US companies bring home $665 billion in overseas cash last year, falling short of Trump pledge
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President Trump said tax cuts would bring home $4 trillion in corporate profit to spur U.S. economy

American corporations dramatically increased the amount of offshore profit they brought back to the U.S. last year, but not nearly as much President Trump predicted as part of a trillion-dollar tax cut in late 2017.

In 2017, companies brought back a total of $155.1 billion in offshore cash, the Commerce Department said.

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