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| Carrier Plant, Indianapolis, Indiana |
Mann revealed that, after being promised $7,000,000 in tax breaks, Carrier decided to keep the plant open, saving 800 jobs. Another 300 administration and research jobs are also included in the deal, but were never actually destined for Mexico.
The company is still sending 1,300 jobs to Mexico, 600 from the Indianapolis plant and another 700 by closing another plant in Huntington, Indiana.
The company also plans to invest $16,000,000 in the state, including a furnace plant.
Carrier's parent company, United Technologies, currently employs over 200,000 worldwide just over 50,000 workers in the United States.
United Technologies also enjoys billions of dollars of defense contracts with the federal government.
and who "brokered" the deal? Oh, yeah, TRUMP! Remember him, Jim?
ReplyDeleteWhat Trump and Pence brokered is nothing more than Corporate Welfare. It is a typical Trump bait-and-switch tactic. A few get breadcrumbs, while everyone else is getting the shaft.
DeleteHere is what Bernie Sanders (my candidate) opined: Writing in the Washington Post, Sanders noted that United Technologies recently lavished “a golden parachute worth more than $172 million” on its former chief executive, it paid five executives more than $50 million,” and in 2015 it upped its stock buyback program by a staggering $12 billion that has no purpose other than inflating its share price. The stock buyback alone is nearly 200 times the savings Carrier would have realized by shipping jobs to Mexico.
If President Obama had taken this approach, the Republicans would be all up in arms and Faux (Fox) News would be covering it 24 hours as Corporate Welfare.
Journalist Rafael Sanchez filed this report...Indiana Reporter Barred From Donald Trump’s Carrier Event
Let me ask you a question: Would you or could you subsist on $3 TOTAL for a WHOLE DAY OF WORK? That is what Carrier is planning on paying the Mexican workers in Monterrey, Mexico. $3.00 per DAY NOT per HOUR!!
Meanwhile, the medial is ignoring reality: When Obama first took office in January 2009, the unemployment rate was 7.8 percent. Today the unemployment rate is once again at 4.6 percent.
Payrolls Rise Solidly As Jobless Rate Reaches 9-Year Low
This is what "Making America Great" really about. NOT giving taxpayer dollars out as Corporate Welfare
This is from someone who actually knows what he is talking about:
Delete"We certainly don't want to take as our guide to creating jobs special tax breaks for a company that earned $7.5 billion in profits last year, got $6 billion in defense contracts, paid its top five executives $50 million, in order to preserve 1,000 out of 2,100 jobs," said Shapiro.
"It's essentially a transfer from the taxpayers of Indiana, who are providing these tax breaks, to the shareholders of United Technology plus those 1,000 workers. That's really not a model for creating jobs across America," he added.
I give Donald Trump six months before the American taxpayers turn against him.
Critics, however, warn that Trump’s move could set a dangerous, unsustainable precedent. While, as Trump noted, families can enjoy their Christmas now that jobs at the plant are secure, Trump’s deal is a hyperlocal agreement keeps a single plant open. While it saves those families from having to relocate and its workers from having to hunt for new jobs, it’s not a national solution to offshoring and automation.
ReplyDelete“Instead of a damn tax, the company will be rewarded with a damn tax cut. Wow!” Vermont Sen. Bernie Sanders wrote a Washington Post op-ed. “How’s that for standing up to corporate greed? How’s that for punishing corporations that shut down in the United States and move abroad? In essence, United Technologies took Trump hostage and won. And that should send a shock wave of fear through all workers across the country.”
Fucking deplorables just don't get it.
ReplyDelete