Two days before Senate Minority Leader Chuck Schumer (D-N.Y.) signaled he would not allow Democrats to provide the votes needed to pass a spending bill, Apple announced that due to the tax reforms passed by Republicans, it would bring home a significant amount of cash it held overseas, create 20,000 new jobs, spend $30 billion in capital investments over five years, open another U.S. campus and — in addition — pay $38 billion in taxes due on the repatriated earnings.
They also promised most of their employees a $2,500 bonus in restricted stock grants. Overall, Apple said it would be making a $350 billion “contribution” to the U.S. economy.
More @ The Hill
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