Apple Gets the Abuse It Paid For
Senate Democrats hauled Apple, Inc. before the Senate Permanent Subcommittee on Investigations today to ask why the company (legally) pays so little in taxes and keeps so much of its cash overseas (legally, again).
I love Apple products. But politically speaking, they're playing the game--and getting the abuse they paid for.
In 2012, according to OpenSecrets.org, Apple employees gave nearly 73% of its contributions--to all federal candidates, not just for president--to Barack Obama. And that was the GOP's best year with Apple donors.
In the past 22 years, Apple employees have given overwhelmingly to Democrats. Republicans barely figure.
It may come as a shock to some Apple employees that Democrats want to damage their company. Some Apple employees, however, might agree with their party--adopting the cognitive dissonance that characterizes so much of the left intelligentsia, which is faintly ashamed of its success but jealously guards its influence.
Apple now knows what it's like to be singled out like the Tea Party. But there's little room for schadenfreude here. Washington has been playing the same destructive game of envy since Obama took office, when the Democrats tried to tax (legal) Wall Street bonuses, which they had already voted to approve, at 90%.