Donald Trump Tells Tim Cook He'll Offer Apple 'Very Large Tax Cut' to Make Products in America

[rdowns]

Obama has deported more people than every other President in history. He even has the nickname "Deporter in Chief" among the hispanic community.
Conveniently you'll never hear this in the mainstream media, you only hear this about Trump who hasn't even taken office yet.

MSM, blah, blah, blah. It has been reported in the MSM. In fact, it's a misnomer as Obama changed the way we count deportations. He counted people turned away at the border, his predecessors did not.

 

[gnipgnop]

The 4.9% doesn't reflect reality as both Donald Trump and Bernie Sanders have repeatedly pointed out. In addition, the Obama presidency is the first administration in United States history to record seven straight years of annual gross domestic product growth below 3 percent. And a higher percentage of American children live in poverty today than did at the start of the Great Recession. Given this track record, I'd let Trump take a shot a fixing these dismal statistics, because it's clear Obama's policies have not improved anything.

When you slash federal budgets to an extent that the deficit falls at the fastest rate in 50 years, then you're going to have to expect limited GDP growth. Government spending is part of what drives the economy, just like private sector spending and consumer spending. Profit, on the other hand, doesn't drive the economy. That's money that's out of the loop, and one of the reasons growth tends to be flat in the United States. Company management and investors obsess about profit maximization, which in turn lowers the amount of spending in the economy.

 

[Jeaz]

But at least you'd save money on distribution.

Except the EU and Asian market is larger than the US market.

 

[gnipgnop]

MSM, blah, blah, blah. It has been reported in the MSM. In fact, it's a misnomer as Obama changed the way we count deportations. He counted people turned away at the border, his predecessors did not.

Here's some facts about undocumented immigration in the United States. Long story short, it peaked during the Bush administration. Only 6 states in the U.S. experienced any overall growth in undocumented workers during 2009-2014, and none of them were border states.

http://www.pewresearch.org/fact-tan...mmigrant-population-stable-for-half-a-decade/

 

[Mcmeowmers]

You're stopping short of the logical extension of this line of thinking.

We've made the costs of labor in the US extremely high due to all kinds of regulations. Minimum wages, health care, employee and employer level taxes, etc. We've done this largely because we think everyone should have a "living wage", "access to health care" and pay for things like safety nets (social security, unemployment insurance, etc). More than that, we've imposed regulations on how clean doing business needs to be, from everything to costs of energy to the production of the product. So, what we've done is taken jobs away from people who's labor is not "worth" paying for all those things and moved the job to a place that has decided not to care about those things.

This is one of the great hypocrisies in the modern liberal mindset. This idea that we can both have and should support globalization and free trade, but that we should also have this free trade with countries that do not meet our standards. So, instead of having livable jobs here in the US, we're supporting sending jobs overseas where companies need nets on their buildings and/or the air quality is horrifying (which damages the planet in ways we eventually see too).

This is why free trade is BS and the combination of the factors above is leading to the increasing disparity between the haves and the have-nots. If you're relatively rich, you can, among other things, take advantage of "free trade" to sell cheap stuff on the back of non-US labor, but then if you're not rich and lower down the education scale, you have trouble finding jobs because your labor has been priced out of the country.

To help remedy these problems, we should be imposing tariffs on products produced by means we have decided are not acceptable or scale back the costs of labor domestically. Basically, we either need to bring the cost of foreign labor up (either through tariffs or the political pressure of tariffs that causes other countries to adopt our standards), bring our cost of labor down, or I suppose more effectively, some of both.

I can't like this enough. Wally, I read a few of your comments and you are truly, one of the few that gets it and I applaud your ability to see the greater picture! I'm not being sarcastic either.

 

[PinkyMacGodess]

Participation rate has fallen 3% under Obama as of 2013. The rate counts people between 15 and 64. We have way more 64-year-olds than we used to (demographic transition, aging population), and many people retire in their 60s. There's nothing surprising about the labor participation rate.

The fact remains that Obama has increased incomes for the working class for the first time in 30 years, drastically lowered the unemployment rate since the 2008 disaster he inherited from Bush, reduced poverty, gotten millions of Americans insured, saved the country from the brink of a second Great Depression, and actually achieved growth.

All of that is about to be undone by a Reagan/Bush 2.0

And Obama did all that with the combined force of house and senate republicans trying to make him a 'one term president'...

 

[ryanwarsaw]

All positive transitions are painful, this one will be no different. But you can't argue with it. It doesn't make any sense for iPhone and others to prop up the Chinese economy the way it does.

Apple is a US company and should be creating jobs in the US, not China. I don't blame them of course. No one does. Apple is doing what any smart company would do today. Business is business. And Trump knows business. He knows full well that is has to become the smart business decision to build in the US...and once it is, they will.

I am okay with them bringing the iPhone production to the states. However I would want the federal government to regulate iPhone prices before that happens. I mean how much more than a quarter trillion dollars does one company need after all?
[doublepost=1480000011][/doublepost]

For years, Apple has been looking at ways to bring manufacturing back to the US. I believe automation is the key, not taxes.

Tax incentives may not be enough to offset the increase in labor to make products here, but more automation and fewer workers might make it feasible. In that case, how does a US manufacturing plant with few jobs and no taxes benefit the US economy?

Trump would have to make the tax burden much lower than what Ireland is offering I guess.

 

[macduke]

Doesn't matter. Apple's investment will be here, not overseas. If foreign cars companies can manufacture automobiles here, Apple can manufacture a damn smartphone here. Robots still require numerous engineers and technicians to work.

That's not going to be enough jobs, but like I said, it is some.

Maybe Apple should put their billions in investing in schools and technical colleges to build up a world class workforce of engineers and technicians instead getting talent from overseas as well.

Why? Why is this Apple's responsibility! The U.S. Government should be helping to build up our schools and education system so we have a smarter, well-trained population that can compete on a global scale. Leaving that up to corporations to educate our people sounds like a recipe for disaster and moves us further towards a corporatocracy.

I'm all for helping the environment, but many alternative energies are not viable yet in large scales. We should also be investing in improving current technologies as well in the meantime.

And they never will be viable because Trump has said he's going to stop funding renewable energy initiatives. Just looking at satellite images shows how small the polar ice has shrunk in recent years. At some point we will pass a critical threshold where the albedo of the earth (reflectance of solar radiation) is so low due to having such little white ice cap left that the warming becomes irreversible.

 

[5684697]

You read that on the internet, right?

We're doomed!

 

[mtbgtr]

This will NEVER happen. But if he even really does try he needs to clean is own house before he tries to clean Apples. But this would lose him money so this whole discussion is moot.

 

[shareef777]

He didn't make them in the US because as a businessman it made him more money to manuafacture his product elsewhere. I would do the same. If there was a company that was able to do it here for the same cost I'm sure he would have.
[doublepost=1479968143][/doublepost]
Well I disagree 100%. If you break the law you go to jail. I don't think they contribute more then they take. Unpaid hospital bills, income tax evasion, vehicle and license registrations, taking a job from a legal citizen that is on unemployment .... the list goes on and on.
[doublepost=1479968243][/doublepost]
He never said Apple would get a special tax cut. All business would go from 35% (which is one of the highest in the world) to 15%. Not just Apple.
[doublepost=1479968321][/doublepost]
In what world would this contribute to inflation?

If you think that the increased cost of producing products is coming out of any business's pocket, then you've got a poor sense of the way things work. How does this manufacture in the US work for Samsung (a South Korean company)? Will they be able to produce products elsewhere and then just 'export' their products to the US. Because if that's the case then Apple is doomed as they wouldn't be able to compete against that.

 

[cmaier]

MSM, blah, blah, blah. It has been reported in the MSM. In fact, it's a misnomer as Obama changed the way we count deportations. He counted people turned away at the border, his predecessors did not.

False.

And calling it the MSM doesn't change the fact that unlike right wing fake news, it's not fake.

http://www.snopes.com/obama-deported-more-people/
[doublepost=1480004848][/doublepost]

I am okay with them bringing the iPhone production to the states. However I would want the federal government to regulate iPhone prices before that happens. I mean how much more than a quarter trillion dollars does one company need after all?
[doublepost=1480000011][/doublepost]

Trump would have to make the tax burden much lower than what Ireland is offering I guess.

Lol. Government regulating prices. They did that with Ma Bell and the airlines, and I seem to recall phone calls and airline flights being way more expensive.

 

[Ramchi]

The message is really very clear even to a common observer. Trump communicates very effectively. He is a real businessman indeed! Just make it happen, type!

 

[citizenzen]

Oh, gotchy. I'm sure the jobs would be filled. Maybe not millions, but the US has lost a tremendous number of manufacturing jobs in not a very long time span. You have more and more jobs eliminated due to robots (from manufacturing to store check outs). Look at cities like Detroit with 11% unemployment- or Fresno or Stockton with 15%. We both know how unemployment numbers tend to be flawed as they don't include people who have stopped working. You're telling me there aren't people out who are unemployed, unskilled, and and lack a higher education degree?

?

Your original point ...

I suppose bringing Apple's manufacturing to the US could have its benefits. It would put people to work, get them off welfare, and allow them to start paying taxes. I believe the manufacturing employees would appear if the opportunity presented itself. ...

My point is that the people who would get those jobs would not be unskilled people on welfare.

They wouldn't be entry-level jobs.

Those jobs would more likely go to people already in the workforce.
[doublepost=1480005530][/doublepost]

The message is really very clear even to a common observer. Trump communicates very effectively. He is a real businessman indeed! Just make it happen, type!

If you're willing to be taken in by the [proven] empty rhetoric he spews forth.

 

[cmaier]

The message is really very clear even to a common observer. Trump communicates very effectively. He is a real businessman indeed! Just make it happen, type!

Trump: "I'm only in it for myself and I'm going to screw all you people"
Trump voters: "we like him because he tells it like it is"

 

[thekev]

And just look how much the former Mac Pro (assembled in China) cost, versus the Made in America trash-can/Darth Vader version. One was flexible and expandable; the other was locked down, and ridiculously overpriced. And still hasn't been updated three (count 'em, three!) years.

That's extremely misleading. Apple increased the price with every generation of the mac pro. The refreshes were also slow. The cheapest one went from $2000 to 2300 to 2500 to 3000, and the 2,1 only added a $4000 model, and they let the 2010 model sit from 2010 to 2013, skipping one processor generation and not shipping until 6 months after ivy started shipping. It was not a big departure from past behavior.

 

[Dmunjal]

When you slash federal budgets to an extent that the deficit falls at the fastest rate in 50 years, then you're going to have to expect limited GDP growth. Government spending is part of what drives the economy, just like private sector spending and consumer spending. Profit, on the other hand, doesn't drive the economy. That's money that's out of the loop, and one of the reasons growth tends to be flat in the United States. Company management and investors obsess about profit maximization, which in turn lowers the amount of spending in the economy.

This is the biggest fallacy I've ever seen posted. Government is bigger now than it has ever been. We've had so many great economies with little government spending. Look back at the a few decades. Government spending as a percentage of GDP is higher now than ever.

Private industry grows the economy, not government.

Obama added $10T in debt and the economy didn't grow $10T.

Bush added $5T in debt and the economy didn't grow $5T.

Bill Clinton grew the economy while balancing the budget. Big difference.

 

[Dmunjal]

Participation rate has fallen 3% under Obama as of 2013. The rate counts people between 15 and 64. We have way more 64-year-olds than we used to (demographic transition, aging population), and many people retire in their 60s. There's nothing surprising about the labor participation rate.

The fact remains that Obama has increased incomes for the working class for the first time in 30 years, drastically lowered the unemployment rate since the 2008 disaster he inherited from Bush, reduced poverty, gotten millions of Americans insured, saved the country from the brink of a second Great Depression, and actually achieved growth.

All of that is about to be undone by a Reagan/Bush 2.0

3% of 300M+ is 10M jobs!

 

[sudo1996]

How does bringing jobs back to the US help if there's nobody there to take them? You can't just regulate your way out of a complacent workforce.

Steve Jobs always made that assertion, but I've taken it as a false excuse for outsourcing. You don't need a bachelor's degree to work in an iPhone factory.
[doublepost=1480012980][/doublepost]

The American taxpayer shouldn't be asked to subsidize the domestic production of a $600B corporation. Those tax incentives would be put to better use helping small businesses instead.

Yes, I would much rather he cut corporate taxes for all corporations. Making special tax deals sets a horrible precedent. It's crony capitalism.

 

[0007776]

Those jobs would more likely go to people already in the workforce.

We have a hard enough time finding qualified people to take STEM jobs more likely they would be filled by immigrants coming to the US for those jobs.

 

[sudo1996]

You mean illegal immigrants? Yes they are here illegally. Why would all legal immigrants be thrown in jail? That doesn't make sense.

Thanks. I don't know if people don't know the difference or if they just pretend not to. Every single Republican is called racist for trying to enforce immigration laws.

 

[thewitt]

Thanks. I don't know if people don't know the difference or if they just pretend not to. Every single Republican is called racist for trying to enforce immigration laws.

It might take 8 more years for the left to realize that name calling lost them this election. The American people are growing weary of same-old, same-old politics and non-stop name calling and race-baiting

If you want to really look at whose policies favor racial suppression in this country, look to the left, where there are no success stories and generations of dependency on the government.

The so-called black leadership have personally made millions on the backs of the repressed. They have no plans to change anything and their political cronies are in full alignment because they have been guaranteed the black vote for decades.

The game stops now.

 

[Dmunjal]

We have a hard enough time finding qualified people to take STEM jobs more likely they would be filled by immigrants coming to the US for those jobs.

Not everyone is cut out for STEM jobs. And not everyone is a minimum wage service worker. These are the in between middle class blue-collar jobs that have disappeared.

 

[Larry-K]

No time for this nonsense today

 

[alex2792]

Don't fall for it Tim, 2 seconds after you open the factory Trump will send the FBI to put data stealing HW in all your phones. Also who will work there after Trump throws all immigrants in jail?

I'm sure that Apple will be able to find plenty of Americans and LEGAL immigrants willing to do the job.