The most common argument for continuing to lower taxes on businesses is that it will stimulate the economy because the businesses will spend the money on their employees. It looks like what actually happens is that they spend the money waging legal wars against each-other.
[1]: http://www.businessinsider.com/corporate-profits-just-hit-an...
My guess is that Apple will enter cross-licensing deals with each of the major manufacturers, which is actually much worse because it would effectively block newcomers from entering the market and all you end up with is an oligarchy of incumbents.
Quite condescending.
Regarding Washington, last time I check Apple was not even close to be the company that invest more money in lobbying. I don't know what is your base for "rather well connected" but if you have any evidence on this, it will be great to know.