toomuchtime_
Gold Member
- Dec 29, 2008
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If the jobs left for Mexico, Indiana would have suffered the loss of tax revenues from these families and the businesses they frequented and an increase in social services expenses that would have been greater than the cost of keeping the jobs, so this deal serves the interests of all citizens of Indiana.Carrier had begun building two plants in Mexico and one was completed so they are going to use that one for the present, but the other was only a shell, so they are not going to complete it. It may be time for tariffs, but we are going to have to wait at least until Jan. 21 to see them.Trump has been too busy trying to save American jobs the Democrats are content to send to Mexico to talk to everyone, but I'm sure that when he has some spare time he would be glad to hear what Gates and Buffet think."So, how many Wall Street and media billionaires will Mr. Trump appoint to his cabinet? He's already appointed 3 (DeVos, Mnuchin, and Ross). I'm not sure about Bannon's wealth, but he may be close, as well. My guess is that there will be at least 5 billionaires on Trump's cabinet. He's pretty much already there if you count Trump, himself. I don't think that any previous president has ever appointed a billionaire to his cabinet. (But GWB's Treasury Secretary Hank Paulson was close) What's the history of how billionaires in general, and these billionaires in particular have helped middle class and poorer workers - like those who actually voted for Mr. Trump? (There are a few like Bill Gates and Warren Buffet, but I don't think that Mr. T has been talking with them about cabinet positions)
As Mr. Trump exclaimed in his gilded Trump Tower office, "Gotcha!!""
VT
Half of the Carrier jobs are still going to Mexico. It's tariff time.
As a practical matter, while tariffs will help protect the American market from imports from Carrier's Mexico plant, that plant will be able to compete more effectively in foreign markets than Carrier's US plant, so companies that do a lot of international business may still have to move some of their manufacturing to low wage countries to be internationally competitive.
The $7 million incentive package Carrier Corp. will receive as part of a deal the company reached with President-elect Donald Trump and Vice President-elect Mike Pence represents a departure from how tax credits are typically used in Indiana.
It's also the kind of agreement Trump slammed on the campaign trail.
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.
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Read the story (maybe over 500 words?) -> http://www.msn.com/en-us/news/politics/carrier-incentives-stir-debate-over-rewarding-offshoring/ar-AAl2egD?li=BBmkt5R&ocid=spartanntp