An already white-hot market atmosphere was boosted even further this week by news that the world’s most valuable company, Apple, will bring $350-billion and an estimated 30,000 jobs back to the United States to take advantage of the Trump Tax Plan and the new lower corporate income tax.
Apple CEO Tim Cook announced the repatriation of $350-billion in company cash that will mean a $38-billion tax bill on that single move alone, the largest single tax payment in the history of the IRS.
Cook called Apple’s massive move of infrastructure and jobs back to American soil a win-win for the company and the country. President Trump celebrated the news during a tour of Pennsylvania manufacturing giant, H&K Equipment. Video from his remarks, follows below.