Trump: ‘We Will Impose a One-Time Low Tax on Returning Money that Is Already Offshore’

TRUMP: "As a result, corporations have parked many trillions of dollars in foreign countries and many have incorporated abroad in order to avoid our punitive tax system altogether. And some companies actually leave our country because they have so much money overseas, so much, it’s an incredible amount that they moved the company to get their money. We’re going to let them bring the money back home. (Applause) Our framework will stop punishing companies for keeping their headquarters in the United States. We’re punishing companies under our codes for being in the United States. We will impose a one-time low tax on returning money that is already offshore so that it can be brought back home to America where it belongs and where it can be put to work and work and work."