Rush Limbaugh January 25th 2018 - podcast episode cover

Rush Limbaugh January 25th 2018

Jan 25, 20182 min
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Episode description

Under the new Trump Tax Law, corporations are bringing in more cash than ever before and are able to fund american operations.

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Transcript

Speaker 1

The Disney Company says they're going to give employees a one time cash bonus of a thousand dollars. About a hundred employees in the US are eligible. Disney will also put fifty million dollars in a fund to help hourly employees with tuition costs, so once the funds established, they'll keep adding another twenty five million dollars every year. Next came Verizon. They just announced they will give their employee stock grants worth almost twenty six hundred dollars per employee.

And then one of America's biggest and most respected corporate giants announced it will bring a significant amount of cash back home. Last year, Johnson and Johnson reported they had sixteen billion outside the country. With high corporate tax rates, didn't make any sense for them to bring the money back until now. In a conference call with analysts, Johnson and Johnson said it's time. Under the new Trump tax law, the corporation will bring twelve billion dollars of that cash

home immediately. Johnson and Johnson says they plan to use much that money to pay down debt and to fund American operations Apple, Walmart, A, T and T, Comcast, Wells, Fargo, bowing hundreds of others. The list is growing so large it's hard to keep track all giving bonuses, raises, and reinvesting in America. Wonder will any of the liberals who work for these companies ever say thank you to President Trump and the Republicans or will they continue to think

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