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Apple Plans $350 Billion Boost to U.S. Economy Over 5 Years, 20,000 New Jobs, and a New Campus [Updated]
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Yes because there’s no hysteria today, right now, right at this moment, so already pre plan for doomsday when they expire. Expect the worst. In light of something good and magical that just happened. And because of inability to live in the present. Or acknowledge what’s going down, in 2018.
We’ll talk in a few years lol!
“Aren’t happy with X innovation and Apple? We’ll well we’ll Talk to me in 2025 when we have foldable OLEDs then we’ll see”
Certainly not that simple to think we're going to, because of Trump and the GOP policies, see higher paying and more jobs. Companies giving $1k or more as "bonuses" due to the tax bill, are doing so to reduce their taxable dollars today, and as much as no one is going to say $1k isn't better in their pocket than in someone else's pocket, it's not going to be enough to counter the 20%+ increase in health insurance costs. And as local governments have less money due to reduced tax revenue, services will be cut, or increases in tax will need to be made, which will undoubtably fall on the shoulders of the middle and lower class first.
Companies only hire more people and pay higher wages when they have a customer base that's buying more of what they're offering and willing to pay more for said product or service. It's the thing that many republicans don't realize - you need consumers to have the money to consume in order to keep the wheel turning. Consumers with less spending power buy less, which then slows the economy and causes companies to pay less or lay off employees, which just makes things worse. And at times like right now, when consumers are spending more, if they're spending borrowed money as is the case now, it's unsustainable and creating a bubble that will burst - and guess who will pay for it - the same consumers who bailed out the banks the last time it happened.
Economics and politics are far more complex than politicians make it out to be and in the case of the GOP, they're pushing policies that have been proven to fail time and again, because they show short-term benefit and hope people will forget who caused the problem when it's finally a problem.
Could’ve saved yourself from this rant.
No it’s only
Complex, for you, when politicians you hate with a passion start doing the right thing and contradict your dogmatic belief system and what you’re told by the media. It’s veru difficult to cope with.
Your anecdote about losing money was unconvincing as well. If you were on affordable care plan, good. Don’t wanna be paying for your subsidy.
But please, keep going as you see fit
The resistance isn’t aging well. One year in. They’re getting clobbered by reality left and right (Figuratively speaking but also the establishment left and right are also getting shook. It’s magical to watch fall apart)
I read Cook’s comments. Seems to me he was careful to talk only about repatriation. Note that Apple’s press release didn’t mention tax reform/cuts outside the tax bill Apple would be paying due to the change in the tax law. Cook’s email to employees didn’t mention tax reform/cuts at all. Other companies that announced bonuses and minimum wage increases specifically cited the tax bill as the reason.
He was busy emailing them about the dreamers
He’ll get to congratulating trump for doing something right in an internal email when it becomes “in” and acceptable for Silicon Valley. Got a ways to go though
But he did begrudgingly concede policy changes allowed this to happen
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They won’t expire. They will be renewed by whoever is in power, Democrat or Republican. That’s what happened in 2013 when the Bush tax cuts were set to expire.
No! It’s all about obsessing over some future hypothetical what if rather than living in the present. Especially when the present isn’t coinciding with the narrative they’ve painted
We see their games.
This? Or something else?
http://abcnews.go.com/amp/Business/...s/story?id=52405662&__twitter_impression=true
Is that it? Come back in a few years? How about we can keep these tax cuts going by voting republican and keep America strong. Bernie, Nancy alike tried to scare everyone because they knew trumps tax plan will work and make the Democratic Party look weak once passed.
Winning.
The blaze is terrible but has Pelosi tweet link
Google “Pelosi $40” if you wanna read from wherever you prefer to that
&2000
$ tax cut is bread crumbs while obama’s $40 is a solid victory. Such disgusting con men and women. Schumer too.
https://www.theblaze.com/news/2018/...bs-heres-what-she-said-about-a-40-cut-in-2011
So what? He's profiting from it, no? Why not only license his name to U.S.-made items?
Are where Trumps ties made from really the top problem in the world, today? And what’s that gotta do with today’s news?
We aren’t in election season anymore,
Trump doesn’t know or care where his garbage is made. Trump is the equivalent of a world-class chef serving you Chef Boyardee under a fancy name for $75.
Probably because a) not many clothing is made in the USA anymore and b) none of those companies approached Trump for a licensing deal.
Regardless, not sure what this has to do with the topic of this thread.
Trump's tax plan is nothing but a fart in the wind. The effect it has now will disappear before you know it.
It was a little different tonight on the news. She asked him if this was due to tax plan. Where he says there are large parts that are due to the tax situation and large parts due to what they wanted to do anyways. What it means is that this tax plan allowed for the total situation to occur. I'd be naive to think that nothing would happen without the tax plan as I do believe something would happen, but the magnitude of all of tis is due to the tax plan.
Oh but we are in election season, this is the ramp to the midterms, and the Republican trolls are out in force pitching this tax heist as the greatest thing since... let's see... "trickle down", yeah that's it.
1. The tax cuts are not paid for, therefore they raise our debt.
2. Where is the infrastructure bill?
3. Where is the fix to the ACA that Americans want done?
4. What is that sound in the background there, money flying home to jack share prices?
http://abcnews.go.com/WNT/video/apple-announces-20000-jobs-52419235
Skip to 1:00
She asks, "Without these policy changes, would you be able to announce today the creation of 20k new jobs?"
"no there are clearly, uh let me be clear, there are there are uh large parts of this part of corporate tax reform and large parts of this we would have done in any situation"
"I do believe corporate tax side will result in job creation and a faster growing economy"
...What else are you Fact defying negative people looking for? This, coming from a CEO that LOATHES Trump?
Skip to 1:00
She asks, "Without these policy changes, would you be able to announce today the creation of 20k new jobs?"
"no there are clearly, uh let me be clear, there are there are uh large parts of this part of corporate tax reform and large parts of this we would have done in any situation"
"I do believe corporate tax side will result in job creation and a faster growing economy"
...What else are you Fact defying negative people looking for? This, coming from a CEO that LOATHES Trump?
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I’d like to thank all of the Democrats who voted for the bill.
Yeah, the list is nonexistent.
It is on the front page of Macrumors now. Reporter asks - "Without these policy changes would you be able to announce the creation of 20,000 jobs?" First words out of his mouth are "No"
I think some are misunderstanding what Apple is saying with today's announcement. Apple isn't saying that it's going to spend an additional (i.e. more than it otherwise would have) $350 billion in the United States, or within the U.S. economy, over the next 5 years. It isn't, e.g., saying that it's going to use repatriated money to do that. (I think some are also unclear on what it really means for Apple to repatriate its foreign earnings; but I won't get lost in that for now.)
It's just trying to quantify how much money it will be spending in the U.S., or within the U.S. economy, over the next 5 years. It's saying that, at its current pace of spending with U.S. suppliers, it will spend around $275 billion over the next 5 years.
It's also saying that it plans to have around $30 billion in capital expenditures in the U.S. over the next 5 years. For perspective, Apple's reported capital expenditures for the last 5 fiscal years have been $7 billion, $11 billion, $11 billion, $13 billion, and $15 billion. A lot of that capital expenditure has no doubt been outside the U.S., but a lot has been within it. How much of that $11 billion a year average has been inside the United States? Is it more or less than the $6 billion a year, on average, that it today announced it expected to spend over the next 5 years? I don't know. We certainly don't know how much of that (announced) $6 billion a year is over what it otherwise would have spent in the United States.
Additionally, Apple is saying that it's increasing the size of the Advanced Manufacturing Fund which it announce last year from $1 billion to $5 billion. I would have expected the amount spent through that fund to increase over time as the first $1 billion was eventually going to be used - whether over a year or three or five. But how much would it have increased without the tax law changes? Maybe not as much.
Lastly, Apple is saying that it is going to have a new tax bill of around $38 billion as a result of the tax law changes. It has to pay that on its as-yet unremitted foreign earnings whether it actually repatriates them or not. (It will, of course, technically repatriate at least most of them.) It is including that amount (but not the U.S. income taxes that it normally pays) in the $350 billion. That $38 billion or so represents the bulk of the $350 billion which is attributable to the tax law changes. Likely a little more - maybe $5 billion, maybe $15 billion - is also attributable to those changes.
It's just trying to quantify how much money it will be spending in the U.S., or within the U.S. economy, over the next 5 years. It's saying that, at its current pace of spending with U.S. suppliers, it will spend around $275 billion over the next 5 years.
It's also saying that it plans to have around $30 billion in capital expenditures in the U.S. over the next 5 years. For perspective, Apple's reported capital expenditures for the last 5 fiscal years have been $7 billion, $11 billion, $11 billion, $13 billion, and $15 billion. A lot of that capital expenditure has no doubt been outside the U.S., but a lot has been within it. How much of that $11 billion a year average has been inside the United States? Is it more or less than the $6 billion a year, on average, that it today announced it expected to spend over the next 5 years? I don't know. We certainly don't know how much of that (announced) $6 billion a year is over what it otherwise would have spent in the United States.
Additionally, Apple is saying that it's increasing the size of the Advanced Manufacturing Fund which it announce last year from $1 billion to $5 billion. I would have expected the amount spent through that fund to increase over time as the first $1 billion was eventually going to be used - whether over a year or three or five. But how much would it have increased without the tax law changes? Maybe not as much.
Lastly, Apple is saying that it is going to have a new tax bill of around $38 billion as a result of the tax law changes. It has to pay that on its as-yet unremitted foreign earnings whether it actually repatriates them or not. (It will, of course, technically repatriate at least most of them.) It is including that amount (but not the U.S. income taxes that it normally pays) in the $350 billion. That $38 billion or so represents the bulk of the $350 billion which is attributable to the tax law changes. Likely a little more - maybe $5 billion, maybe $15 billion - is also attributable to those changes.