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Carrier says it has deal with Trump to keep jobs i
1911a1-fan
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I'll bet he even comes to an Army-Navy game or two!
The politicians don't understand that jobs weren't "sent overseas", & they can't be "brought back". The old way of doing things --- operating factories with thousands of skilled & unskilled workers in the US is gone ---- and will never return.
Neal
My comments:
That would be 700 per current job. States offer a lot more than that to get businesses.
What would the unemployment and welfare have cost the State. What about lost real estate taxes, sales tax, income tax?
And what was Mexico offering to get the mfg plant move? Did you see any reporting on that?
The details reveal that proper lobbying on the part of industry will gain them access and favor from the Trump administration through mediation in their negotiations with state government. Did not hurt, obviously that the governor of Indiana happened to also be the Vice President elect.
In this case, it appears to be a proper implementation of the power of the individual states to provide relief to a company that is facing extreme competitive pressures from off-shore production.
One would also assume that Trump's proposed corporate income tax rate had a part to play, even though not yet implemented.
Brad Steele
Since Trump supporters think the Carrier deal is a good thing, have they also changed their mind about TARP and the bail out of Ford, GM and Chrysler?
apples and oranges , this is far from a bailout as you are on the left
So today the Liberal Press is attacking the deal. It is because $700,000 will be paid per year by Indiana.
My comments:
That would be 700 per current job. States offer a lot more than that to get businesses.
What would the unemployment and welfare have cost the State. What about lost real estate taxes, sales tax, income tax?
And what was Mexico offering to get the mfg plant move? Did you see any reporting on that?
According to Fox the return in income taxes from those 1000 jobs is 3-4 times the initial tax break.
It's more cost effective to keep a few jobs in the US in order to make the Draft Dodger look good, than make "contributions" to the Unindicted Conspirator's bogus charity. Businesses do what they have to do in order to get by.
The politicians don't understand that jobs weren't "sent overseas", & they can't be "brought back". The old way of doing things --- operating factories with thousands of skilled & unskilled workers in the US is gone ---- and will never return.
Neal
This is correct.
The phone call sounded like this "how much do you currently spend on advertising? How much do you estimate you will have to spend once we gin up the social media campaign? Are you prepared to abandon the brand after we've damaged it?
Mike, throw them a bone in tax waivers. Less than you offered the first time around. ".
It's unsustainable. And unprecedented. And it won't help those businesses. It's the corporate equivalent of a "participation award".
Since Trump supporters think the Carrier deal is a good thing, have they also changed their mind about TARP and the bail out of Ford, GM and Chrysler?
Nope, haven't changed my mind and this is different;
No one paid Carrier ANY money. Reduced taxes and will(?) reduce regulations. ie: Let carrier KEEP THEIR MONEY,, not all of it, sure the corporations(s) pay millions.
Or did someone say Carrier employees aren't paying Federal income tax?
quote:Originally posted by nmyers
It's more cost effective to keep a few jobs in the US in order to make the Draft Dodger look good, than make "contributions" to the Unindicted Conspirator's bogus charity. Businesses do what they have to do in order to get by.
The politicians don't understand that jobs weren't "sent overseas", & they can't be "brought back". The old way of doing things --- operating factories with thousands of skilled & unskilled workers in the US is gone ---- and will never return.
Neal
This is correct.
The phone call sounded like this "how much do you currently spend on advertising? How much do you estimate you will have to spend once we gin up the social media campaign? Are you prepared to abandon the brand after we've damaged it?
Mike, throw them a bone in tax waivers. Less than you offered the first time around. ".
It's unsustainable. And unprecedented. And it won't help those businesses. It's the corporate equivalent of a "participation award".
Not unprecedented by any stretch.
Boeing is currently fight WTO sanctions because of the tax breaks it received to keep production in WA as an example.NY had a huge 'tax free NY campaign to bring in business. It happens all the time.
Brad Steele
And fiery auto crashes
Some will die in hot pursuit
While sifting through my ashes
Some will fall in love with life
And drink it from a fountain
That is pouring like an avalanche
Coming down the mountain
quote:Originally posted by bigoutside
quote:Originally posted by nmyers
It's more cost effective to keep a few jobs in the US in order to make the Draft Dodger look good, than make "contributions" to the Unindicted Conspirator's bogus charity. Businesses do what they have to do in order to get by.
The politicians don't understand that jobs weren't "sent overseas", & they can't be "brought back". The old way of doing things --- operating factories with thousands of skilled & unskilled workers in the US is gone ---- and will never return.
Neal
This is correct.
The phone call sounded like this "how much do you currently spend on advertising? How much do you estimate you will have to spend once we gin up the social media campaign? Are you prepared to abandon the brand after we've damaged it?
Mike, throw them a bone in tax waivers. Less than you offered the first time around. ".
It's unsustainable. And unprecedented. And it won't help those businesses. It's the corporate equivalent of a "participation award".
Not unprecedented by any stretch.
Boeing is currently fight WTO sanctions because of the tax breaks it received to keep production in WA as an example.NY had a huge 'tax free NY campaign to bring in business. It happens all the time.
It doesn't happen with a president very much. Ever that I can recollect. Correct me if I'm wrong.
And yes, pence used funds previously set aside for tax abatement. My funds.
And I wish he'd spent them more wisely. Tons of opportunity to attract more high tech manufacturing jobs to the area, which are sustainable.
This was a PR stunt.
quote:Originally posted by Don McManus
quote:Originally posted by bigoutside
quote:Originally posted by nmyers
It's more cost effective to keep a few jobs in the US in order to make the Draft Dodger look good, than make "contributions" to the Unindicted Conspirator's bogus charity. Businesses do what they have to do in order to get by.
The politicians don't understand that jobs weren't "sent overseas", & they can't be "brought back". The old way of doing things --- operating factories with thousands of skilled & unskilled workers in the US is gone ---- and will never return.
Neal
This is correct.
The phone call sounded like this "how much do you currently spend on advertising? How much do you estimate you will have to spend once we gin up the social media campaign? Are you prepared to abandon the brand after we've damaged it?
Mike, throw them a bone in tax waivers. Less than you offered the first time around. ".
It's unsustainable. And unprecedented. And it won't help those businesses. It's the corporate equivalent of a "participation award".
Not unprecedented by any stretch.
Boeing is currently fight WTO sanctions because of the tax breaks it received to keep production in WA as an example.NY had a huge 'tax free NY campaign to bring in business. It happens all the time.
It doesn't happen with a president very much. Ever that I can recollect. Correct me if I'm wrong.
And yes, pence used funds previously set aside for tax abatement. My funds.
And I wish he'd spent them more wisely. Tons of opportunity to attract more high tech manufacturing jobs to the area, which are sustainable.
This was a PR stunt.
There is no question that it was a PR stunt, and while I too cannot cite another example of a President or President-elect being personally involved, it would not surprise me.
You are obviously entitled to your position as to how Pence and the Indiana legislature grants tax relief, but one would expect that the jobs that are being retained are the higher skilled, higher paying jobs and that lessor skilled jobs are the ones being outsourced. That is the pattern most companies take, and would make sense in this case.
To be accurate, tax-abatement is typically not classified as spending by anyone other than zero-sum-gain economic thinking (sic). The fact is that the State of Indiana will benefit economically by this move, and there will be funds available that would not have been available had Carrier eliminated all 1,800 jobs.
Brad Steele