Democrat’s greatest fears are coming true. They did everything they could to strangle the economy, and to elect Hillary Clinton so it would stay strangled, but noooooooooooo! Those God and gun clinging deplorables voted against their interests and elected Donald Trump, and now look what’s happened!
Apple Inc. will open a new campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump.
What?! But that tax cut was supposed to be the apocalypse! Rains of flaming frogs and plagues of hailing flies, dogs and cats living together, people allowed to keep their own money!
Between the spending plan, hiring 20,000, tax payments and business with U.S. based suppliers, Apple on Wednesday estimated it would spend $350 billion in the United States over the next five years.
It did not, however, say how much of the plan was new or how much of its $252.3 billion in cash abroad, the largest of any U.S. corporation, it would bring home. In addition to the $38 billion in taxes it must pay, Apple has run up $97 billion in U.S.-issued debt to pay for previous share buybacks and dividends.
Some investors said the Apple U.S. investments would give the company room to make more stock buybacks or pay dividends without criticism, and Apple shares rose 1.7 percent for the day.
What Reuters doesn’t say is the #38 billion one-time tax payment allows Apple to bring back its $252.3 billion without further tax penalties. Perhaps that’s why Apple is paying the $38 billion? And why didn’t Apple do any of this during the reign of the progressive messiah? Wouldn’t that have been an ideal time to put their money where their processors were, to demonstrate faith in progressive policy?
Trump described the move by Apple as victory for his policies.
‘I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States. Great to see Apple follow through as a result of TAX CUTS,’ Trump wrote on Twitter.
I fear, gentle readers, I fear for the sanity of the Apple hierarchy. As dedicated progressives, their hatred for Donald Trump and their revulsion for his policies must be virtually without limit–except perhaps where making money is concerned…?
Thank goodness President Trump is insane. Imagine what he could do to the economy, and how that would increase progressive cognitive dissonance, were he sane? Splody progressive heads everywhere!