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the deal was half assed at best. These people have probably another year with a job, phasing out is the key word and thats whats going on with carrier. Its a slow drain and it will mean better for the people to not get comfortable and start looking for jobs elsewhere.
The tax breaks Carrier received for only 1000 jobs, was a ploy for votes. The people subsidized another corporation thats going to pack up its bags sooner or later.
Corporate wealth fare won't solve the larger issue of unemployment, entitlement and corporate greed.
it was 1,000 jobs that did not move to Mexico, while Democrats whine about it..
it was 1,000 jobs that did not move to Mexico, while Democrats whine about it..
How much in tax breaks did they get again?
the people paid for those jobs, not the company
Corporate welfare
Yet, these same people think trickle down economy works. matter of fact they don't, they know the rich will hoard their money. More money made is good for the shareholders and stock market. Yet their low income supporters can't catch the hint
Why does everything resort back to dems or republicans. A bad deal is a bad deal no matter who is behind it. Bush's Iraq war was a bad decision, Obama's decision on Libya was horrible.
Like seriously how brainwashed do you have to be, to be so mindless to think one party or the other or void of bad decision making.
Yet, these same people think trickle down economy works. matter of fact they don't, they know the rich will hoard their money. More money made is good for the shareholders and stock market.
They got $7 million to stay for 10 years.. to keep 1070 jobs at an average of $22 per hour..
Thats $22 per hour * 1070 jobs (at least) * 40 hours a week * 52 weeks in a year * 10 years = $489,963,200 in payroll expenses alone which stays in the local economy and at a 15% tax rate, the federal government gets $73,444,800 for a $7 million dollar investment.. and thats just on a federal level. Add in the money for things like higher real estate taxes, local income taxes and itll easily exceed $100 million in tax revenues for $7 million dollar "investment"
You can argue that companies like this shouldnt need $7 million dollars in taxpayer money to stay, which should be true, but then you cant oppose things to reduce the taxes on them in order to provide incentives for them to stay in america while at the same time not bashing the billions handed out by the previous administration to companies without being hypocritical.
Why does everything resort back to dems or republicans. A bad deal is a bad deal no matter who is behind it. Bush's Iraq war was a bad decision, Obama's decision on Libya was horrible.
Like seriously how brainwashed do you have to be, to be so mindless to think one party or the other or void of bad decision making.
Except it wasnt a bad deal at all. It resorts to Dem or Rep because the whole point of the thread was for Dems to bash Trump for what in the end, is a good "investment" under the current tax code.. see my previous posting..
They got $7 million to stay for 10 years.. to keep 1070 jobs at an average of $22 per hour..
Thats $22 per hour * 1070 jobs (at least) * 40 hours a week * 52 weeks in a year * 10 years = $489,963,200 in payroll expenses alone which stays in the local economy and at a 15% tax rate, the federal government gets $73,444,800 for a $7 million dollar investment..
You can argue that companies like this shouldnt need $7 million dollars in taxpayer money to stay, which should be true, but then you cant oppose things to reduce the taxes on them in order to provide incentives for them to stay in america while at the same time not bashing the billions handed out by the previous administration to companies without being hypocritical.
lets talk facts first
Trump’s deal would keep 800 workers in Indiana, or about 38 percent of the total who were due to leave the state, according to a spokesman for United Technologies. These jobs were focused on making gas furnaces. About 600 jobs — focused on making fan coils — will still go to Mexico. Meanwhile, the 700 UTEC workers will also lose their jobs to Mexico, though workers at the plant — which makes microprocessor-based controls for heating, ventilation, air conditioning and refrigeration units
Union officials say the number of jobs saved shrank to 730, once the official paperwork was submitted. The number of fan coil jobs going to Mexico is 553. Counting the UTEC jobs going to Mexico, Trump saved 37 percent of the jobs.)
https://www.indystar.com/story/news/...ring/94725864/
The furnace manufacturer will receive $5 million in tax credits over 10 years in exchange for keeping 1,069 jobs at its Indianapolis plant with an average wage of $30.91 hour. The company also will receive $1 million in training grants and up to $1 million in additional tax credits based on Carrier's planned $16 million investment in the west-side factory.
This company is winning, this sets a precedence for the next deals the government has to make with corporations that want to leave. Now here comes the tax reform the GOP is dying to put through that lowers corporate taxes dramatically. Meanwhile, during the campaign trail I remember all these talks of taxing corporations that invest in Mexico and overseas, meanwhile we are awarding them for keeping a measly 700 jobs.
the deal was half assed at best. These people have probably another year with a job, phasing out is the key word and thats whats going on with carrier. Its a slow drain and it will mean better for the people to not get comfortable and start looking for jobs elsewhere.
The tax breaks Carrier received for only 1000 jobs, was a ploy for votes. The people subsidized another corporation thats going to pack up its bags sooner or later.
Corporate wealth fare won't solve the larger issue of unemployment, entitlement and corporate greed.
Nontheless, the terms of the deal are being followed and no one lied, no one was scammed, no one thought Trump was going to save them. Nor was it a move to solve all unemployment.
Was it a good deal? I guess that is a matter of opinion.
Carrier plans more layoff at plant trump struck a deal with
If Carrier isn't able to run their business it's not Trumps fault, you people are pathetic.
11-09-2017, 10:31 AM
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n/a posts
Quote:
Originally Posted by Roaddog
If Carrier isn't able to run their business it's not Trumps fault, you people are pathetic.
Right, he gets credit for "saving" the plant even though he didn't, but he gets none of the blame when the jobs still leave even though he repeatedly promised to save them.
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Carrier plans more layoff at plant trump struck a deal with
