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Rush Limbaugh - Timeless Wisdom

Rush Limbaugh January 19th 2018

Rush Limbaugh - Timeless Wisdom

The Rush Limbaugh Show

News

4.05.3K Ratings

🗓️ 19 January 2018

⏱️ 2 minutes

🧾️ Download transcript

Summary

Apple Inc. has cash reserves in other countries but will soon bring back to America thanks to the new tax cut deal which will make Apple Inc. create more jobs.

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Transcript

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0:00.0

Apple in corporate that has the largest offshore cash reserves of any company in America, over

0:05.4

$250 billion, sitting in other countries other than ours, but they're going to bring it

0:11.8

all back.

0:12.9

On Wednesday, Apple said it's all coming back and they're going to pay taxes on it.

0:17.1

$38 billion in taxes that the government otherwise would not have because of a tax cut.

0:22.9

That's a 15% one time repatriation rate.

0:26.6

They also said that over the next five years, they're going to spend $350 billion to create

0:32.2

20,000 new jobs right here.

0:34.5

And they're going to build another campus, new data centers and manufacturing plants.

0:38.8

That all means a lot of construction jobs will also be created.

0:43.0

Now why is this happening?

0:45.2

Well, you already know the answer.

0:46.3

It's Trump's tax cut.

0:47.4

Now, remember for years, Liberal Democrats complained that only burger flipper jobs were

0:52.1

being created in America.

0:54.0

Obama promised to be the steward of the decline.

0:57.7

He said that these manufacturing jobs in high skilled positions were never coming back.

1:02.2

I don't know what Trump thinks, but he can do it.

1:04.6

And remember something else.

1:06.8

Every single Liberal Democrat in Congress voted against all of this.

1:11.5

They voted against the hundreds of thousands of high paying jobs coming back.

1:15.1

They voted against companies giving raises and bonuses.

...

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