Apple to invest 350 Billion in US economy and bring back most of overseas cash

[Ban my account ffs!]

[ProudModerate2]

I see that Old School Republican is still trying to put lipstick on a pig.

[OSR stands with Israel]

I see that Old School Republican is still trying to put lipstick on a pig.

I see that Proud Liberal is trying to deny that  one of the tax reform goals has worked.

[Kingpoleon]

$200 billion is enough to employ two million people at an average salary of $100,000 for one year. Or a hundred thousand people for twenty years.

[Bleach Blonde Bad Built Butch Bodies for Biden]

Also it's going to matter quite a bit where and who in the US this is supposed to benefit.  Is Apple going to build a new plant in Eastern Kentucky, or will a bunch of yuppies in Silicon Valley and NYC get another bonus?

[Indy Texas 🇺🇦🇵🇸]

It always amuses me when all these posters who are too young to have had a legit job before act like they know exactly what Apple is doing.

All of these announcements of bonuses aren't because of tax reform. They're because bonuses are typically paid in December/January anyway. This is an easy way to play up something they would have done anyway.

My bonus did not change from last year, and some coworkers I talked to said their bonuses actually went down.

[OSR stands with Israel]

It always amuses me when all these posters who are too young to have had a legit job before act like they know exactly what Apple is doing.

All of these announcements of bonuses aren't because of tax reform. They're because bonuses are typically paid in December/January anyway. This is an easy way to play up something they would have done anyway.

My bonus did not change from last year, and some coworkers I talked to said their bonuses actually went down.

This is not a bonus



This is Apple announcing repatriate(bring back) most of their overseas cash to the US. That is a big deal because that was one of the goals of Tax Reform.


Also Tim Cook himself said a major reason they are doing this is because of Tax Reform.

[heatcharger]

Also it's going to matter quite a bit where and who in the US this is supposed to benefit.  Is Apple going to build a new plant in Eastern Kentucky, or will a bunch of yuppies in Silicon Valley and NYC get another bonus?

Lol, why would Apple build a plant in the United States at all? And even if for some reason the minimum wage were abolished, why wouldn't they build it where they can actually get the people to fill the positions they need, instead of, you know, that place?

[ProudModerate2]

I see that Old School Republican is still trying to put lipstick on a pig.

I see that Proud Liberal is trying to deny that  one of the tax reform goals has worked.

Dinosaur Republican and his expired theory on economics, thinks that this is going to make a difference on the projected additional hundreds-of-billions on the national debt the new tax bill has created. His kind and his delusional ideas are surely "old," and the more his kind die-off, the better it will be for the US.

[Tintrlvr]

Also the projections are that this money will go towards 20,000 jobs, not that other hiring will stall lol.

No, it's not. He's saying that they will invest $350 billion over the next five years. Not an *additional* $350 billion over what they would have already invested. Just $350 billion. Similarly, he's saying they will create 20,000 jobs. Not an *additional* 20,000 jobs over what they would have already created, just 20,000 jobs.

You just to have to pay the slightest bit of attention to see that this is all PR preening by corporations and not indicative of any actual changes in their plans at all (other than the repatriation, which just means the money will sit on Apple's books here instead of in Ireland or wherever; a lot of good all of those billions did for the countries where it was sitting unused before the tax legislation).

[OSR stands with Israel]

Also the projections are that this money will go towards 20,000 jobs, not that other hiring will stall lol.

No, it's not. He's saying that they will invest $350 billion over the next five years. Not an *additional* $350 billion over what they would have already invested. Just $350 billion. Similarly, he's saying they will create 20,000 jobs. Not an *additional* 20,000 jobs over what they would have already created, just 20,000 jobs.

You just to have to pay the slightest bit of attention to see that this is all PR preening by corporations and not indicative of any actual changes in their plans at all (other than the repatriation, which just means the money will sit on Apple's books here instead of in Ireland or wherever; a lot of good all of those billions did for the countries where it was sitting unused before the tax legislation).

Step 1 of the tax reform was to get companies to bring their overseas cash back.


Step 1 has succeeded , and that's all this is showing.

[IndustrialJustice]

I see that Old School Republican is still trying to put lipstick on a pig.

I see that Proud Liberal is trying to deny that  one of the tax reform goals has worked.

Tens of thousands of low-wage employees have been laid off by titan-sized corporations over the last few weeks alone.

Way to get duped by that $350 billion figure, which essentially translates to "Apple will continue to participate in the American economy like it always planned to."

[BoAtlantis]

Also the projections are that this money will go towards 20,000 jobs, not that other hiring will stall lol.

No, it's not. He's saying that they will invest $350 billion over the next five years. Not an *additional* $350 billion over what they would have already invested. Just $350 billion. Similarly, he's saying they will create 20,000 jobs. Not an *additional* 20,000 jobs over what they would have already created, just 20,000 jobs.

You just to have to pay the slightest bit of attention to see that this is all PR preening by corporations and not indicative of any actual changes in their plans at all (other than the repatriation, which just means the money will sit on Apple's books here instead of in Ireland or wherever; a lot of good all of those billions did for the countries where it was sitting unused before the tax legislation).

As an Apple shareholder, I agree.

This is just a way to pretend to show some political unity.

[OSR stands with Israel]

I see that Old School Republican is still trying to put lipstick on a pig.

I see that Proud Liberal is trying to deny that  one of the tax reform goals has worked.

Tens of thousands of low-wage employees have been laid off by titan-sized corporations over the last few weeks alone.

Way to get duped by that $350 billion figure, which essentially translates to "Apple will continue to participate in the American economy like it always planned to."

Again the bigger story is the fact that it is bringing back the vast majority of its overseas cash to the US . 


Tim Cook himself said he wouldnt have done that if it werent for the tax law changes, and thanks to the tax law changes the Government will get an extra 38 billion dollars in revenue.

[Indy Texas 🇺🇦🇵🇸]

Also the projections are that this money will go towards 20,000 jobs, not that other hiring will stall lol.

No, it's not. He's saying that they will invest $350 billion over the next five years. Not an *additional* $350 billion over what they would have already invested. Just $350 billion. Similarly, he's saying they will create 20,000 jobs. Not an *additional* 20,000 jobs over what they would have already created, just 20,000 jobs.

You just to have to pay the slightest bit of attention to see that this is all PR preening by corporations and not indicative of any actual changes in their plans at all (other than the repatriation, which just means the money will sit on Apple's books here instead of in Ireland or wherever; a lot of good all of those billions did for the countries where it was sitting unused before the tax legislation).

Step 1 of the tax reform was to get companies to bring their overseas cash back.


Step 1 has succeeded , and that's all this is showing.

You really do think they were literally keeping a bunch of banknotes in a Ducktales-style vault in Switzerland somewhere, don't you?

[pbrower2a]

Tax holidays work... once.

[OSR stands with Israel]

Also the projections are that this money will go towards 20,000 jobs, not that other hiring will stall lol.

No, it's not. He's saying that they will invest $350 billion over the next five years. Not an *additional* $350 billion over what they would have already invested. Just $350 billion. Similarly, he's saying they will create 20,000 jobs. Not an *additional* 20,000 jobs over what they would have already created, just 20,000 jobs.

You just to have to pay the slightest bit of attention to see that this is all PR preening by corporations and not indicative of any actual changes in their plans at all (other than the repatriation, which just means the money will sit on Apple's books here instead of in Ireland or wherever; a lot of good all of those billions did for the countries where it was sitting unused before the tax legislation).

Step 1 of the tax reform was to get companies to bring their overseas cash back.


Step 1 has succeeded , and that's all this is showing.

You really do think they were literally keeping a bunch of banknotes in a Ducktales-style vault in Switzerland somewhere, don't you?

Whats important is that money is in the USA now

38 Billion > 0


250 Billion > 0

[Indy Texas 🇺🇦🇵🇸]

Also the projections are that this money will go towards 20,000 jobs, not that other hiring will stall lol.

No, it's not. He's saying that they will invest $350 billion over the next five years. Not an *additional* $350 billion over what they would have already invested. Just $350 billion. Similarly, he's saying they will create 20,000 jobs. Not an *additional* 20,000 jobs over what they would have already created, just 20,000 jobs.

You just to have to pay the slightest bit of attention to see that this is all PR preening by corporations and not indicative of any actual changes in their plans at all (other than the repatriation, which just means the money will sit on Apple's books here instead of in Ireland or wherever; a lot of good all of those billions did for the countries where it was sitting unused before the tax legislation).

Step 1 of the tax reform was to get companies to bring their overseas cash back.


Step 1 has succeeded , and that's all this is showing.

You really do think they were literally keeping a bunch of banknotes in a Ducktales-style vault in Switzerland somewhere, don't you?

Whats important is that money is in the USA now

38 Billion > 0


250 Billion > 0

It was already being invested in the United States...

[OSR stands with Israel]

Also the projections are that this money will go towards 20,000 jobs, not that other hiring will stall lol.

No, it's not. He's saying that they will invest $350 billion over the next five years. Not an *additional* $350 billion over what they would have already invested. Just $350 billion. Similarly, he's saying they will create 20,000 jobs. Not an *additional* 20,000 jobs over what they would have already created, just 20,000 jobs.

You just to have to pay the slightest bit of attention to see that this is all PR preening by corporations and not indicative of any actual changes in their plans at all (other than the repatriation, which just means the money will sit on Apple's books here instead of in Ireland or wherever; a lot of good all of those billions did for the countries where it was sitting unused before the tax legislation).

Step 1 of the tax reform was to get companies to bring their overseas cash back.


Step 1 has succeeded , and that's all this is showing.

You really do think they were literally keeping a bunch of banknotes in a Ducktales-style vault in Switzerland somewhere, don't you?

Whats important is that money is in the USA now

38 Billion > 0


250 Billion > 0

It was already being invested in the United States...

The 250 billion that Apple held in Cash overseas was not being invested in the United States, and  Tim Cook said for years said the reason Apple isnt bringing back the overseas cash was because tax rates were too high(http://money.cnn.com/2017/12/27/technology/apple-cash-tax-reform/index.html) .


He then just lately said the tax reform was a large part of the reason why the brought back the overseas cash.

[Kingpoleon]

I see that Old School Republican is still trying to put lipstick on a pig.

I see that Proud Liberal is trying to deny that  one of the tax reform goals has worked.

Tens of thousands of low-wage employees have been laid off by titan-sized corporations over the last few weeks alone.

Way to get duped by that $350 billion figure, which essentially translates to "Apple will continue to participate in the American economy like it always planned to."

Again the bigger story is the fact that it is bringing back the vast majority of its overseas cash to the US . 


Tim Cook himself said he wouldnt have done that if it werent for the tax law changes, and thanks to the tax law changes the Government will get an extra 38 billion dollars in revenue.

Wow! Just ten more things like this and the tax cuts will only have expanded our deficit by $900 billion!

[OSR stands with Israel]

I see that Old School Republican is still trying to put lipstick on a pig.

I see that Proud Liberal is trying to deny that  one of the tax reform goals has worked.

Tens of thousands of low-wage employees have been laid off by titan-sized corporations over the last few weeks alone.

Way to get duped by that $350 billion figure, which essentially translates to "Apple will continue to participate in the American economy like it always planned to."

Again the bigger story is the fact that it is bringing back the vast majority of its overseas cash to the US . 


Tim Cook himself said he wouldnt have done that if it werent for the tax law changes, and thanks to the tax law changes the Government will get an extra 38 billion dollars in revenue.

Wow! Just ten more things like this and the tax cuts will only have expanded our deficit by $900 billion!

debt over the next 10 years which turns out to be around an average of 90 billion over the next 10 years.



Do the audit , and eliminate and reform wasteful programs is one solution.


The other is do a 5% across the board spending cut


IMO we should do both