Apple is repatriating billions to the U.S. due to the Trump tax cut plan. Another win for the president. They also plan on creating 20,000 new jobs and will give out bonuses to employees.

Trending: BILL CLINTON ACCUSER Records Stunning Phone Call To Dem Senator Schumer Asking Him To “Believe” Her: ”Unlike Ms. Ford, I Do Have Proof and Witnesses”

take our poll - story continues below

Should Brett Kavanaugh withdraw over sexual misconduct allegations?

  • Should Brett Kavanaugh withdraw over sexual misconduct allegations?

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to 100PercentFedUp.com updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Bonuses for employees:

Apple on Wednesday made a slew of announcements about its investment in and contribution to the U.S. economy in part because of the new tax law.

The headline from Apple is that it will make a $350 billion “contribution” to the U.S. economy over the next five years, although it’s unclear exactly how the company came to that number.

CNBC REPORTS:

The company also promised to create 20,000 new jobs and open a new campus.

It said it expects to pay about $38 billion in taxes for the horde of cash it plans to bring back to the United States. This implies it will repatriate virtually all of its $250 billion in overseas cash.

Apple also said it will spend over $30 billion in capital expenditures over the next five years. About $10 billion in capital expenditures will be investments in U.S. data centers, the company said.

Apple added that it will spend $5 billion as part of an innovation fund, up from the $1 billion CEO Tim Cook announced last year on CNBC’s “Mad Money.”

The job creation will include direct employment and also suppliers and its app business, which it had already planned to grow substantially (app developers earned $26.5 billion in 2017.) The new campus will focus on customer support.

THINK DIFFERENT! THINK PRO-GROWTH!


Join The Conversation. Leave a Comment.