Folks, this cannot stand. Nancy Pelosi wants her “armageddon,” and she’s simply not getting it! Something has to be done about these nefarious GOP tax cuts. I mean, how many companies are we going to let hire new workers and give bonuses, raises and added benefits to existing employees?
If you couldn’t tell, that was sarcasm. The tax cuts have been nothing but a boon for American employers.
The latest to add their name to the ever growing list of companies aiding the current economic surge is Apple. Apple released a statement Wednesday in which they said that they will be adding 20,000 new jobs and paying a $38 billion repatriation tax for money the tech giant made in other countries.
The repatriation tax is “designed to incentivize U.S.-based companies that do business overseas to bring those profits back stateside,” according to Business Insider.
As part of the announcement, Apple stated that it will be investing $350 billion in the U.S. economy over a five year period.
Apple CEO Tim Cook spoke with ABC News about the announcement, at one point responding to a statement from Rebecca Jarvis in which she said, “So it sounds like President Trump’s tax bill has been a huge windfall for Apple.”
“I do believe the corporate tax side will result in job creation and a faster growing economy,” Cook said.
What Cook said has so far been accurate as large corporations have been announcing — almost daily — benefits from the tax plan that will create jobs, help existing employees and aid consumers in some cases.
According to Fox Business:
The Cupertino, California-based tech giant said its investments will focus on job creation, spending with U.S. suppliers and an expansion of the App Store, Apple’s digital content hub. Apple said the $350 billion over the next five years does not include the sale of Apple products or tax payments.
Apple's announcement came weeks after the passage of a GOP tax bill that slashed the corporate tax rate to 21% from 35%. President Donald Trump told the Wall Street Journal last July that Apple CEO Tim Cook had committed to building three manufacturing plants in the U.S.
Notice how liberals have nothing to say about the tax cuts now — priceless.
Even the media is touting the GOP tax bill after the Apple announcement. Watch below: