Amazon is searching for a home for its second headquarters in North America. The company expects to create as many as 50,000 high-paying jobs, and cities are lining up to try and win over the tech giant. Governor Chris Sununu of New Hampshire joined us to share the state's strategy for bringing Amazon onto its home turf.
Governor Sununu breaks down what New Hampshire has to offer that other states don't. He emphasizes that he doesn't need to offer big tax breaks like other places, because there is no income tax in New Hampshire. The Governor says Amazon would get all the "benefits of Greater Boston without all the headaches."
Republicans are celebrating the passage of the tax reform bill, which will lower the corporate tax rate. Governor Sununu says this is "just a drop in the bucket" and is one of many factors going into New Hampshire's plan to get Amazon on board. He highlighted that Amazon won’t have to pay a penny for sales tax, resulting in hundreds of millions of extra dollars saved.
Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the U.S. in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of President Trump’s tariffs on its business. Apple’s earnings for the first three months of the year topped Wall Street’s expectations thanks to high demand for its iPhones, and the company said tariffs had a limited effect on the fiscal second quarter’s results. Cook added that for the current quarter, assuming things don’t change, Apple expects to see $900 million added to its costs as a result of the tariffs.
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