GOP Tax Bill Results in Pfizer Investing $5 Billion into U.S. Economy GOP Tax Bill Results in Pfizer Investing $5 Billion into U.S. Economy – NTK Network

GOP Tax Bill Results in Pfizer Investing $5 Billion into U.S. Economy

Pfizer also announced plans to pay a $15 billion tax on overseas profits.

By NTK Staff | 01.30.2018 @1:00pm
GOP Tax Bill Results in Pfizer Investing $5 Billion into U.S. Economy

Another company announced plans to invest back in the United States economy as a result of the GOP tax bill ahead of President Trump’s first State of the Union on Tuesday.

Pfizer announced on Tuesday that it would “invest about $5 billion in capital projects in the U.S. over the next five years, including bolstering its manufacturing presence.”

The pharmaceutical company also announced plans to pay a $15 billion tax on “overseas profits over the next eight years.”

These announcements came after Pfizer reported higher than expected profits due to the GOP tax bill.

Pfizer adds its name to the growing list of companies that have announced they will be reinvesting in the United States because of the GOP tax bill.

Trump is expected to tout these investments by companies like Pfizer as one of his administration’s chief achievements during his first State of the Union on Tuesday.

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