…to see how the Democrats and the media (pardon the redundancy) try to paint this as a tile toxic side effect of the Republican tax reform plan.
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.
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.
It will be an amazingly creative exercise, when it happens. But it will happen.