Wednesday, May 22, 2013

RAND PAUL: Shame on Senate for harassing Apple

RAND PAUL: Shame on Senate for harassing Apple

Today, more than 600,000 American jobs rely on Apple.

Apple’s job creating machine extends across the United States. The iPhone uses Gorilla Glass, which is manufactured in Kentucky by Corning. Today, Corning—and Kentucky—benefit from nearly $700 million in sales, employing more than 300 people thanks to Apple. Rather than berating Apple, we should celebrate the jobs Apple continues to create.

I think the federal government owes an apology to Apple. Instead of Apple, Congress should be on trial for having the crummiest tax code imaginable; for having a byzantine tax code that runs into the tens of thousands of pages; for creating a tax code that simply doesn’t compete with the rest of the world.

The Senate subcommittee admitted that Apple had not broken any laws. Yet, they are forced into a public trial at the whims of politicians, when in fact, Congress should be on trial for chasing the profits of great American companies overseas.