Thursday, March 22, 2012

Texans for Public Justice sent Apple CEO Tim Cook a letter today, urging the head of the world’s wealthiest company to reject a $21 million taxpayer grant offered by Governor Rick Perry to expand Apple’s operations in Austin. TPJ asked Cook to also decline another $14.5 million in incentives that the City of Austin and Travis County are considering giving to the technology giant.

Apple is struggling to find ways to dispose of an unprecedented $100 billion in cash reserves. TPJ notes that Texas tax dollars will only exacerbate this excruciating cash surplus. Given that Apple is choking on too much cash, TPJ advised Cook to stop taking corporate welfare.

Read TPJ’s letter to Tim Cook.