Trump calls Apple's overseas cash return 'huge win', hails his tax cuts

In its December approval of the most extensive tax-code revisions since 1986, Congress scrapped the previous international tax system for corporations

President Donald Trump said in a tweet Wednesday that Apple Inc.’s decision to bring hundreds of billions of overseas dollars back to the US is a “huge win for American workers and the USA!”

“I promised that my policies would allow companies like Apple to bring massive amounts of money back to the United States,” Trump said in the tweet. Great to see Apple follow through as a result of TAX CUTS.”

The iPhone makers announced Wednesday that it would make the move, paying about $38 billion in taxes on the money and spending tens of billions on domestic jobs,