The Doomsday Tax Bill Coerces ExxonMobil and Honeywell To Repatriate Billions

The tax reform package that President Donald Trump signed into law last December has left a trail of destruction in its wake—and by destruction, I mean a better job creating and investing climate. Over 250 companies have doled out bonuses to over three million workers. Employee investment has increased, 401k matches have gone up, philanthropic giving boosted, and it’s all because of Trump’s tax bill, which the Left said would bring about the next apocalypse. Over 90 percent of middle class Americans stand to benefit from this tax bill. Sounds like good news to me.

Guy has been documenting companies and employees that are benefitting from this tax bill. Now, there are two more: Honeywell and ExxonMobil who plan to repatriate billions over a two-to-five year period respectively. Honeywell plans to bring some $7 billion back over the next two years, while increasing its 401k match for its employees, thanks to the GOP tax bill (via CNBC):

U.S. industrial conglomerate Honeywell International said on Friday that it expected to bring back at least $7 billion of the $10 billion in cash held overseas in the next two years, taking advantage of the newly enacted tax law.

Shares of Honeywell, which makes everything from jet engines to thermostats, rose as much as 1.2 percent in morning trading to hit a record of $163.85.

Read more at Townhall