Apple Lobbies for Tax Breaks for Manufacturing More Chips in United States

[rp2011]

I hear Wisconsin likes passing out these type of tax breaks. And you don’t even have to make anything.

 

[AdonisSMU]

Exactly what leftists don't understand, they are up in arms when big corporations get tax breaks, then wonder why everyone leaves to China

It's still exploiting people. If Apple wants to avoid tariffs, then it should move here anyway. That's its tax break.

 

[Stella]

the point is, a billion dollar can pay for this themselves instead of expecting the tax payer to contribute.

Apple does not need corporate welfare, that is tax payer handouts.

I guess you are fine with contributing to apple’s business plans.

Given the choice to pay more money or less money, most would choose less. That’s why Apple can afford to fund it themselves, because they make smart choices, like paying less instead of more.

 

[AdonisSMU]

Agree with your second point. As to the first, Apple still needs to compete in the global marketplace. They cannot do it by manufacturing in the United States without subsidies. We should try what we can to even the playing field somewhat to allow them to do so. I think down stream benefits of manufacturing are huge and would likely pay for the subsidies over the long term. I do not think one failure should discourage us.

Ultimately I agree with this.

 

[michaelz]

Who's going to give the tax break? Trump or Biden?

 

[jimbobb24]

Tax credits are a half measure. Instead remove all our regulations that make keeping jobs in the US difficult.

 

[rp2011]

Tax credits are a half measure. Instead remove all our regulations that make keeping jobs in the US difficult.

nonsense

 

[Mansu944]

Do it.

 

[Mansu944]

nonsense

Why?

 

[cb3]

Apple and other companies should have multiple sources of production in different geographic locations. Ever heard of war? Plagues? Real disruptors of supply chains. If a company wants to survive in the next century they had better diversify and domesticate production. Smart move in my opinion.

 

[thadoggfather]

So Apple by in large votes for and politically Favors a candidate who promises to raise corporate taxes but they want a corporate tax break for chip manufacturing ?

How does that make any logical sense?

 

[Zwhaler]

Exactly what leftists don't understand, they are up in arms when big corporations get tax breaks, then wonder why everyone leaves to China

Some of the biggest corporations already pay no taxes in the US. They left for China decades ago because it's cheaper to manufacture goods in a country without worker protections, safety or environmental regulations.

 

[melgross]

I dob’t know how the article got from chip manufacturing to phone manufacturing. While a component is part of a product, it’s not quite the same thing. The chips are also used in iPads, and other devices and will be used in the new Macs.

so why isn’t it: Apple will be manufacturing phones, iPads, Macs, Apple TV and a watches here in the states?

simple, because they won’t.

 

[rp2011]

Why?

Michigan water. Toxic waste. Employee protections.
Everyone bailed on the US to places where they pollute as they pleased. Exploit workers as they pleased and need to put suicide needs on factories.
Regulations are not just fine, but NECESSARY.

 

[Cosmosent]

Apple in 2018 committed to spending $350 billion to boost the U.S. economy over the course of five years ...

Anybody know how much of that they have actually spent yet ???

NOT heard much about it from Apple since the original announcement.

 

[pers0n]

Companies think they are entitled to paying less in a trade for jobs, I guess it works...

Kind of like how multi-million dollar profitable sports teams think they are entitled to have cities provide a sports stadium for them for free, despite it not really helping the city in the long run

 

[newdeal]

Tariffs are evil. Oust the moron in charge of the country, and make the factories where it makes sense, not where the "free market" fascist in charge prefers.

You know things are only cheap there and expensive here because they are using what we would consider slave labour conditions if they were to do that in the USA right? So by allowing them to do that you are basically promoting these conditions

 

[topdrawer]

this comment section is cancer.

i too want no taxes or i'll move my ass to china. is that how it works?

 

[oldwatery]

Apple want a tax break. I'm shocked coming from such a caring and socially responsible company like them.

 

[Digital Dude]

Tariffs are not evil — they are not preferable, but in this case they were necessary. The President did what those in his position previously did not have the guts to do.

Do you think that having the majority of manufacturing going to one country might cause problems down the road? What if that country decides not to be fair or play by the rules?

What if that country also requires a company to hand over IP for the privilege of doing business in their country? Why would this country need to innovate when they can easily steal the innovations of others?

This is the best comment I've read in this thread so far. 👍

 

[dannyyankou]

Give tax incentives for manufacturing in the US entirely, no half measures.

 

[gaximus]

the point is, a billion dollar can pay for this themselves instead of expecting the tax payer to contribute.

Apple does not need corporate welfare, that is tax payer handouts.

I guess you are fine with contributing to apple’s business plans.

Apple would still have to pay taxes. Just not as much. Tax payers wouldn’t have to pay any extra for Apple moving processes here. And I’d rather have Apple bring in more jobs and money to the economy and pay less tax, then pay no tax and stay out of the U.S.
A little is better than none.

 

[Tech198]

Yeah, it's a huge problem..

This is what you get by outsourcing to make it cheaper overall... You can't prevent prices fro going up, its a fact of life...You would think Apple would of used some of it offshore Israel-ian money though. That's what's its there for right?

 

[matrix07]

before anyone gets into the whole boycott china stuff, TSMC is taiwanese and if apple begin domestic production, this will hurt TSMC and not china 😂

TSMC is in Taiwan, which is very close to China. Right now Chinese fighter jets flying over Taiwan strait almost every day. Before long they will invade and TSMC will be CCP’s. Just imagine if Apple still rely on them how they will be easily arm twisting by CCP.

 

[ian87w]

This is assuming those Taiwanese companies don't become Chinese companies by the time things are approved...