January 19, 2018

Apple just became the latest (and biggest) company of many to react to the GOP tax cut bill. Long under fire for manufacturing its products in China, Apple announced that it would pay $38 billion in taxes under the new lower corporate rate to bring profits that had been parked overseas back to the US and build a new customer support campus that will create more than 20,000 jobs.

Note that under the higher corporate tax rate liberals love, both the money and the jobs stayed overseas and the government got nothing. They insisted that lower rates don't stimulate activity that brings in more revenue ("Trickle down!") and companies would not use savings from lower taxes to expand or create jobs. That’s why no Democrats voted for the tax cut bill. None.

Not a single one.


Just something worth remembering until November.


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