Politics Apple to hire 20,000, open second headquarters and pay $38 billion tax bill on overseas profits

They still tend to be union jobs.

The issue is the manufacturing sector has been decimated over the past few decades.

 

https://www.washingtonpost.com/news...ly-well-not-anymore-e/?utm_term=.27fca682be28




This is factory employment since 1977, for non-union workers and for workers in or covered by a union. Non-union employment grew, fell and is growing again post-recession (as I document in the Post today.) The net result is that there are about as many non-union factory workers today as there were in 1977. Meanwhile, about 80 percent of union factory jobs have disappeared.

 

Make America Great Again. Get it?

Bring back manufacturing and become a dominant player AGAIN. That is the plan as I've seen it expressed, and the results are promising.

A significant part of this plan is to undo the many uneven trade deals we've made as well as getting rid of punitive regulations that discourage businesses, in general. The tax bill, too. It's coherent.

There have been no artificial means that I've seen.

The response by companies, like Apple, has been to plan to hire 20,000 manufacturing workers.

 

The talk is they might start making iPhones in the US. Or Foxconn might, too.

https://www.reuters.com/article/us-...8-billion-in-foreign-cash-taxes-idUSKBN1F62FJ

The company has been under increasing pressure to make U.S. investments since the 2016 presidential campaign, when Trump targeted the iPhone maker for making products in Asian factories.

While Apple has announced no plans to change that practice and experts say it would be economically impractical to make iPhones in the United States, the company has begun to emphasize its U.S. economic impact, from developers who sell software on its App Store to the tens of billions of dollars per year it spends with U.S. suppliers.

Between the spending plan, hiring 20,000 people, tax payments and business with U.S.-based suppliers, Apple on Wednesday estimated it would spend $350 billion in the United States over the next five years.

 

ABC News. Not Fox News.

http://abcnews.go.com/Politics/anal...-trump-economy-blasting-off/story?id=52632659
Analysis: It’s the 'economy, stupid'. And right now, the Trump economy is blasting off

By TERRY MORAN
Jan 26, 2018, 1:00 PM E

(Terry Moran is a reporter who was injured badly while embedded with troops early in the overthrow of Saddam Hussein).

It’s the economy, stupid.

And right now, the Trump economy is blasting off.

Davos Man likes.

In conversations with business and political leaders gathered at theWorld Economic Forumin Davos, Switzerland, there is almost zero mention of the controversies which consume coverage of Trump in America.

Instead, people talk about the real possibility now that growth in the U.S. economy could hit 4 percent this year — a positively Clintonian benchmark. The impact worldwide would be tremendous.

We forget what that kind of economy means. Clinton averaged roughly 4 percentGDP growth. Record budget surpluses. Recordjob growth. Real household incomes up across the board. A skyrocketingstock market.

Money in peoples’ pockets—for college, for retirement, for vacations. Businesses booming. New ones starting. And the USA once again the engine pulling the world economy.

We’re a long way from that, for sure.

And there are analysts who say the world’s economies are simply being boosted by all the easy money central banks pumped into them for years — and that’s a bubble that will burst.

But business types here disagree. And they give a lot of credit to Trump for the renewed strength and vigor they sense in the sinews of the global economy.

Deregulation is the first thing they mention. The cost of doing business has come down fast. That means margins will go up. That’s why so many investors see American companies as such good bets.

And that’s all Trump.

The tax cut is also—no surprise—hugely popular here. It seems the old US corporate tax structure was operating as a kind of logjam in the world economy, freezing up the flow of money and distorting investment decisions.

The dam broke. Trump broke it.

 

Just 25% of the workforce works for big corporations. Only 1/3 of the entire population works at all.

Great poll!

https://www.mercurynews.com/2018/01/05/your-paycheck-may-be-going-up-soon-because-of-tax-cuts/

WHAT ABOUT THOSE FATTER PAYCHECKS?

That was the promise from the Republican architects of the tax plan. Deflecting criticism of the deeply unpopular legislation, they insisted Americans will come to love the new tax law when they see their heftier paychecks this year — with less money withheld in anticipation of lower income taxes.

“In February, look at your paychecks, because you’ll see the tax relief we delivered,” said Rep. Kevin Brady, head of the tax-writing House Ways and Means Committee.

The Internal Revenue Service says employees could see “changes” in their paychecks as early as February. The agency first has to issue the new withholding tables for employers, reflecting the changes in tax rates for different income levels under the new law. That’s expected to happen sometime this month to give companies and payroll service providers — and their computer systems — time to adjust. Such a massive, universal change feels something like turning around an aircraft carrier.

 

Conclusion seems sound.

barfo

 

Indeed. In context - the dam broke, unleashing the economic forces that were stifled under your guy's awful policies.