Regardless of ideology, we should all welcome Apple’s decision to pay around $38 billion in taxes in order to repatriate hundreds of billions of dollars in overseas cash holdings.

Announcing the decision on Wednesday, Apple CEO Tim Cook also pledged major new investments in job creation and a second operations base that will add 20,000 jobs. As part of what Apple says will be a $350 billion boost to the U.S. economy, it will invest $10 billion in capital projects over the next five years.