3 ms·
Prior to the bill passing, pretty much every single Democrat-leaning publication tried to spin it as an evil Trump/Republican plot to give Apple billions of tax
by makomk 9y ago
Prior to the bill passing, pretty much every single Democrat-leaning publication tried to spin it as an evil Trump/Republican plot to give Apple billions of taxpayer money, with the figure calculated based on the difference between what they'd pay if they repatriated all those funds at the full tax rate (which wasn't ever going to happen) and the amount they'd pay under the bill. If people associate this bill with Trump and the Republicans, it's because their opponents fought hard to make that association.
- IBM 9y agoThey fought this bill hard because the tax proceeds are being given away to corporations with a massive reduction in the corporate rate (along with other giveaways that benefit the wealthy such as lowering personal income taxes and raising the threshold for the estate tax), in direct contravention to their policy goals. Had the Republicans chosen not to use this opportunity to go for broke while they're in control of Congress and the White House, they'd have Democratic support.
- spoiledtechie 9y agoIts called job creation. Companies who benefit create jobs...