Trump: Nobody Knows How Much We Can Bring Back Via Repatriation Holiday

TRUMP: "Nobody knows the exact number — I think it’s much higher than people understand. It will probably be over $3 trillion. Outside of our country. They just can’t get it back. They are trying but they can’t get it back. It’s a bureaucratic mess. In the tax rate is so high. They invest it in Europe and other places. They leave the country because the money becomes so much and so valuable to them that they leave the country, our country, to go and get their money. They leave the country and fire everybody. Now what we are doing is lowering the rates. We are giving them a shot to bring all of that money, it’s all going to come back in. It will all come in immediately. More than $3 trillion. A 10% rate. It may be around that number. A little higher or lower but probably 10%. Right now, it’s — who’s going to bring money back when you have to pay by the time you’re finished almost half of your money in tax?"