Obama didn't give GM tax credits (rebates on their own taxes due) he gave them my money, your money. He also didn't do it to keep the jobs from leaving the country, he did it to "save" the business which was a waste because they went bankrupt anyway. He also forced MANY private dealerships to close down.What is your take on Trump helping to stop Carrier from moving 1000 jobs out of country? Do you believe he can continue this with other companies and do you believe he will even get some jobs to return stateside?
Also do you approve of him doing this?
I am all for keeping jobs in the United States- hell that is why I supported President Obama's actions saving American automotive manufacturing jobs.
My only question is how much this will cost American taxpayers- i have seen some large numbers- but I don't claim to have looked into them yet.
Lets assign some arbitrary numbers- lets say that Carrier received $100,000 a year in tax breaks per job- would that be a good deal for the United States? What if Carrier only received $1,000 a year in tax breaks.
The devil is in the details- keeping jobs here is good- but the question is the cost.
The Carrier deal is a rebate (their own money) on future taxes. A stopgap deal at best but it worked.
Excuse me- any taxes that Carrier does not pay that another company does have to pay is 'our money'.
How many jobs are being saved? 800 jobs.
How many jobs were saved by bailing out the auto industry? 1.5 million jobs.
Auto bailout saved 1.5 million U.S. jobs -study
Dec 9 The federal bailout of General Motors Co, Chrysler and parts suppliers in 2009 saved 1.5 million U.S. jobs and preserved $105.3 billion in personal and social insurance tax collections, according to a study released on Monday.