Only one-fifth of gains from the Republican Tax Plan will go to US Citizens

[Vekseid]

Per the Congressional Budget Office.

The report found significant differences between projected GDP, which measures the level of production in the U.S., and gross national product, which measures the income earned by all Americans. If the economic impact from GDP is higher than GNP,  the difference between the two is income generated in the United States but going to foreigners. According to the CBO, on average 34 percent of income from the economic activity driven by the tax cuts is flowing out of the country, and in 2028, when the full effects of the tax cuts are in place, that number will increase to 80 percent.

[Eye of Horus]

Tax cuts for the rich and for multinational corporations will have negligible benefits for the local economy and tax take, just like in every historical precedent - who’d have thought it?

But then, it has always been the lobbying of the corporations themselves that has driven these kind of plans, rather than sound economic theory.

[HannibalBarca]

Yeah, that sounds about right.  Fucking... god, the frustration level is over 9,000.