Apple Contributes to Economic Boom

CNBC’s Twitter feed sums up Apple’s announcement on its intention to expand operations in the U.S. in the wake of the GOP’s tax reform.

Over 20,000 new jobs–an extraordinary number. Also, Apple will pay $38 billion in U.S. taxes on its foreign cash holdings of $252.3 billion, which will free the company to bring as much of that money to the U.S. as it wishes, without incurring any further tax penalty.

If President Trump weren’t mentally unfit for office, there is no telling how well the economy would be doing!

Notice: All comments are subject to moderation. Our comments are intended to be a forum for civil discourse bearing on the subject under discussion. Commenters who stray beyond the bounds of civility or employ what we deem gratuitous vulgarity in a comment — including, but not limited to, “s***,” “f***,” “a*******,” or one of their many variants — will be banned without further notice in the sole discretion of the site moderator.

Responses