The technology giants like Apple and Microsoft will likely bring more jobs to the United States thanks in part to the newly passed tax bill.
In an article from Politico, author Steven Overly writes, “Trump and key GOP lawmakers are making clear, though, that they expect the industry to return the favor by putting “America First.”
In the article, Overly discusses:
- Investing in the U.S.
- Is a tax stimulus needed?
- A research and development tax credit
Overly continues, “The bill also preserves an existing research and development tax credit valued by Silicon Valley and lowers the tax rate on profits earned abroad on intellectual property held in the United States”. Will the tech giants bring more jobs to the U.S. or will they use the savings to bolster their stock prices?
To read more, see the full article from Steven Overly in Politico.