Patriots: For over 26 years, your generosity has made it possible to offer The Patriot Post without a subscription fee to military personnel, students, and those with limited means. Please support the 2024 Year-End Campaign today.

January 18, 2018

‘Armageddon’ Update: Apple to Repatriate Billions, Hire Thousands and Bonus Workers

Tech giant will bring $250 billion home and pay $38 billion in taxes on it, as well as spread the wealth to workers.

“This tax bill is Armageddon,” warned Nancy Pelosi before its passage. “It is the end of the world.” After the bill passed and hundreds of businesses began immediately raising pay for workers, Pelosi dismissed these income gains as “pathetic,” “insignificant” and “crumbs.”

Well, here’s the latest in a string of good news of “crumbs” from the apocalypse: “Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made,” the company said in a press release. CNBC notes that Apple is “bringing back home nearly all of its $250 billion in foreign cash.” The tech giant also plans to invest $30 billion in the U.S. over the next five years, including creating 20,000 jobs to add to its 84,000 American jobs. Additionally, employees will receive stock-based bonuses worth $2,500 each.

“Crumbs!” Pelosi insists.

“I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States,” President Donald Trump tweeted. “Great to see Apple follow through as a result of TAX CUTS.”

What’s even more interesting is what Ed Morrissey observes: “Not only [does Apple] have a reputation for wokeness and hipness, they’ve also been more or less hostile to the Trump administration since before it arrived. Remember when CEO Tim Cook sent an emergency message to his employees after Donald Trump won the election? That came just a few months after Apple pulled its donation to the Republican convention over Trump’s remarks on a range of topics. Cook also felt compelled to message his employees over Trump’s remarks about the riot in Charlottesville. It’s been clear that Cook hasn’t much use for Trump, and especially that he wants to be seen as not having much use for Trump. However, business is business, after all … which was precisely the point that Republicans made in predicting these outcomes from the tax reform package.”

To recap, under Democrat policy, Apple would have left all that money overseas, never to be brought back, not hired thousands and offered no bonuses. Under Republican policy, Apple is going to pay $38 billion in taxes instead of $0, as well as hire 20,000 and pay out $2,500 bonuses. Bad, bad Republicans!

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.