Trump to Announce Carrier Plant Will Keep Jobs in U.S.

[Wyatt earp]

Trump to Announce Carrier Plant Will Keep Jobs in U.S.

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

What did Carrier get to make that decision?

Trump's magic?

Just like you praised obozo for the low unemployment? Trump is already driving you insane huh?

 

[jon_berzerk]

Trump to Announce Carrier Plant Will Keep Jobs in U.S.

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

What did Carrier get to make that decision?

Trump's magic?

Just like you praised obozo for the low unemployment? Trump is already driving you insane huh?

pile on the butthurt

--LOL

 

[Skull Pilot]

Who here thinks Trump promised Carrier over 500 million like Obammy gave to Solyndra?

 

[Mac1958]

The government has been in the business of picking winners and losers so long, the economy is is shambles. Shit needs to end.

Yep, agreed. It won't end, of course, but we need to start going in the other direction.
.

 

[Care4all]

but Carrier's parent company, only paid something like 9.5% in corporate income taxes last year, not the 35% marginal corporate tax rate....

so 9.5% was STILL NOT LOW ENOUGH for Carrier to bring it's hundreds of billions that they have stashed in the Cayman Islands, home....

so is zero in taxes, for all the military protection, and roads and highways and airports and postal services and hospitals and schools that train their employees now and for years come..really FAIR?

corporations used to account nearly ALL federal revenues collected at one time, and now it ALL comes on the worker's shoulders? Really? iS THAT truly just/fair? I dunno?

I don't think a president can change tax law, correct? All the employees make money, spread the wealth around and pay taxes so incentives are often offered by governments for that reason.

Having a huge tax base beats the company moving elsewhere. There are also many other taxes associated with running a business than just the federal income, like state, local, etc.

any federal corp tax rate cuts automatically lowers their State corp tax rate, and big corps also work deals with states to pay no local or property taxes....

And you can't count it TWICE.......being the citizen who is paying the fed income taxes, and then give credit to Carrier again for the taxes his WORKER PAID.....

I understand how zero taxes is enticing....BUT REALLY? We, the worker then has to pay for all the services these corporations take advantage of by being here, even if we work for a mom and pop or for ourselves and not working for the corp?

I think making all big corps pay a FLAT RATE tax of 10% or so.... since that is most of their effective tax rates that they pay anyway could help...definitely help them get rid of their gazillion tax lawyer expense through the simplification...

And the problem in the USA is stagnate wages for the worker bees, not necessarily jobs ..but the lack of really good paying jobs or the willingness for employers to raise their wages...and the fall of the ''unions'' means mostly...only lower paying jobs...could it ever be what it once was, for the factory worker? Reality....says no....imo.

 

[RealDave]

Pence did all the tax breaks on the state level as he is still governor. We don't know what Trump promised them.

If a US manufacturer wants tax breaks, just say you are moving your facility to Mexico.

What this entire deal is saying is that we should eliminate corporate income taxes. If we don't & offer the Carriers tax breaks, it will play in international markets as government helping Carrier to produce cheaper products. The same thing we accuse other countries of. These countries could slap a tariff on Carrier for that reason.

Carrier had tax incentives & used government money for training programs & had to pay back a couple million when they opted to move. What ever Trump & Pence have them must have been a whole lot more.

 

[rightwinger]

Good to see...I congratulate Trump/Pence for making the deal

It is a good start....lets see if it carries through for four years

 

[edthecynic]

Fourteen hundred people work at that plant and now their jobs are safe.

Leas than 1,000 of the jobs were saved.
The Right NEVER tells the whole truth!!!

 

[Skull Pilot]

Fourteen hundred people work at that plant and now their jobs are safe.

Leas than 1,000 of the jobs were saved.
The Right NEVER tells the whole truth!!!

Oh so I guess we should have just let all those people be unemployed because there weren't enough of them for you

 

[The Breeze]

Bet is was less that the screwing we got from GM.

Whoa! You sound like a guy who knows stuff! I'd better read your posts.

I'm sorry snowflake, have I triggered you?

You've said and done nothing. Maybe you want to outline the screwing that GM gave us?

And...that snowflake thing......it gives you away.

Net loss of 11 billion, what a deal.

Taxpayers Don't Have Government Motors To Kick Around Any More

From your link:

"A study released Monday by the Center for Automotive Research concluded that the government bailout of GM spared 1.2 million jobs in 2009 and preserved $39.4 billion in personal and social insurance tax collections in 2009 and 2010. “Any complete cost-benefit assessment of the federal assistance to GM in its restructuring must consider the total net returns to the public investment…” researchers Sean McAlinden and Debra Maranger Menk wrote in “The Effect on the U.S. Economy of the Successful Restructuring of General Motors.”"

You failed again. What a shock.

Bet is was less that the screwing we got from GM.

Whoa! You sound like a guy who knows stuff! I'd better read your posts.

I'm sorry snowflake, have I triggered you?

You've said and done nothing. Maybe you want to outline the screwing that GM gave us?

And...that snowflake thing......it gives you away.

Net loss of 11 billion, what a deal.

Taxpayers Don't Have Government Motors To Kick Around Any More

From your link:

"A study released Monday by the Center for Automotive Research concluded that the government bailout of GM spared 1.2 million jobs in 2009 and preserved $39.4 billion in personal and social insurance tax collections in 2009 and 2010. “Any complete cost-benefit assessment of the federal assistance to GM in its restructuring must consider the total net returns to the public investment…” researchers Sean McAlinden and Debra Maranger Menk wrote in “The Effect on the U.S. Economy of the Successful Restructuring of General Motors.”"

You failed again. What a shock.

So it's different when Trump intervenes to save jobs? How very hypocritical of you, what a shock.

 

[Claudette]

Fourteen hundred people work at that plant and now their jobs are safe.

Leas than 1,000 of the jobs were saved.
The Right NEVER tells the whole truth!!!

OMG are you a biased asshole. Good Lord grow a fucking brain you idiot.

 

[edthecynic]

However those 1400 people are now working

Again, less than 1,000.

Carrier says it has struck a deal with Trump to keep jobs in Indiana

The company, which is owned by defense contractor United Technologies, announced in February that it would close two Indiana plants -- a Carrier plant in Indianapolis that employs 1,400 workers and a United Technologies Electronic Controls plant in nearby Huntington, Indiana, that employs 700.

Carrier did not elaborate on the terms of the deal, but it is on the record, as are most other major multinational businesses, as wanting to see a cut in corporate tax rates, especially as it applies to cash earned overseas.

The fate of the more than 400 remaining jobs in Indianapolis was not immediately clear. Nor was it clear whether the 700 jobs at the Huntington plan would be saved.

 

[imawhosure]

Carrier / UTC = THEIR PARENT COMPANY has only averaged paying 10% in corporate income taxes NOT the 35% marginal corporate tax rate, for the past 15 years with their annual average income of $2.8 Billion....or so.

Carrier/UTC WANTS MORE tax breaks, as in zero taxes for their repatriated profits from overseas... btw, how does this help the USA and help workers get jobs... by companies bringing their money back to the USA to sit in a US bank vs a foreign bank...I don't understand all of that stuff...? Is it the banks that make money off of them bringing their profits made overseas home to the US? It ain't for tax monies, cuz giving them a break of zero percent in taxes is simply zero for the federal govt coffers?

TrumpPence can't make a deal that is not up to them to make, ya know? they have to get their tax breaks through congress and it would not be for Carrier only, but for all corporations...




Trump has pledged repeatedly to keep UTC and Carrier from offshoring jobs, and it now appears that UTC may want a lower tax rate as the price for complying with this demand. Saving middle-class jobs is an important and laudable goal. But policymakers should approach such consequential discussions with all the facts. And the fact is that Carrier’s parent company already pays a relatively low effective tax rate.

As we previously noted, UTC does not have a lot of skin in the game when it comes to federal income taxes. The company paid an effective federal tax rate averaging just 10.3 percent over the 15-year period between 2000 and 2014. And UTC’s most recent annual report shows more of the same: the company paid a federal tax rate of just 9.4 percent on $2.8 billion in U.S. profits last year. This means year after year, the profitable company pays only a fraction of the federal statutory rate of 35 percent.

The company’s push for a corporate tax cut likely has a lot to do with its offshore cash. As of 2015, UTC had a cumulative $29 billion in profits stashed offshore that it claimed it earned abroad and has no intention of repatriating to the United States. The profits, if repatriated, would be subject to the federal corporate tax rate less any taxes it paid to foreign governments.

It’s impossible to know how much of this offshore cash is in the hands of the company’s zero-tax haven subsidiaries in the Cayman Islands or the British Virgin Islands because UTC refuses to disclose this information. (The limited disclosures that have been made by other corporations with offshore cash show these companies are paying single digit tax rates on their foreign profits.) But it seems plausible that when the company warns of “adverse tax consequences” of repatriating from “certain of our subsidiaries,” it has its Caribbean affiliates in mind.

The United States is one of the world’s most advanced democracies, which our federal tax system enables. Infrastructure, public education, health and safety, clean water, safe food, and national defense all require tax dollars—from citizens and corporations. The Unites States simply cannot compete with a zero-percent tax rate, nor should it try.

A company like Carrier, which may be accustomed to stashing money in the Cayman Islands and paying a zero-percent tax rate, certainly would consider the U.S. federal statutory rate “adverse.” But given UTC’s consistent ability to avoid that tax rate over the past 15 years, it’s hard to see why Congress or the incoming Trump administration should prioritize finding a way to cut the company’s taxes even further.

A Few Things to Consider Before Giving Away the Store to Carrier Corp | Tax Justice Blog

See, this is why lefties should never, ever be in charge of anything economic that you want to work.

QUESTION to lefties----------->why would WE want our corporations monies to come back here and sit in a bank as opposed to foreign banks, as asked by a certain popular lefty on here.

ANSWER--------> The lefty, as usual; starts the question with a false premise..............money sitting in the bank! When you have a savings account or some checking accounts, do not the banks pay interest on that money? Do you think they pay that interest just because they can sit in a vault and play with your money, and if they did, how long before they would go broke!

No-no-no lefty economic geniuses, the bank LOANS that cash out to other people, and that is what is called.............the constant velocity of money that makes an economy grow! Imagine, 2 trillion (with a T) that lending institutions can inject into the economy, and gasp..........the fed doesn't have to print it, meaning it won't head straight for the stock and bond markets, it will actually be injected in goods, services, and expansion. I know, a novel concept if you are a lefty.

And before a lefty starts SCREAMING that it is just not fair, I would ask the lefty this other, pertinent, economic question---------->if our system of taxation is as fair as you say it is on corporate taxes, then explain to everyone WHY the only country having problems with re-patriation of money made by its businesses is, that is correct, The United States of America. To believe your lefty economic theory, we would have to assume that companies and corporations do NOT want to bring their money back, just because they don't like us, it has NOTHING to do with how they are taxed when the money enters the country, lol. Now you may be able to fool some other dumb lefties some of the time, but you aren't going to fool most Republicans and moderate Democrats all of the time, hehehehehehe. You people have lost the debate, unless of course you can show our business owners talking about America like most of you far leftists do with pure hate, then maybe we will buy into your talking point. Have a great day_)

 

[edthecynic]

Fourteen hundred people work at that plant and now their jobs are safe.

Leas than 1,000 of the jobs were saved.
The Right NEVER tells the whole truth!!!

Oh so I guess we should have just let all those people be unemployed because there weren't enough of them for you

No, the Right shouldn't have claimed that 1400 jobs were saved when they weren't.
The Right has to lie even about good news!!!!

 

[danielpalos]

No matter the reason its good news.

Fourteen hundred people work at that plant and now their jobs are safe.

I'm sure Trump told Carrier the Corporate tax rate will be going down from 35% to 15% and that was probably one of the reasons they decided to stay.

Trump is also a businessman and he knows how to make his case for them staying in America.

Good for Trump and good for Carrier and congratulations to all those workers who will still be employed.

How is our new president going to cut taxes and still fund government? Or, are we going to rely on the right wing, to do the right thing.

 

[danielpalos]

I heard Pence is the one who worked the deal and had been working with Carrier for over a year?

Isn't great to have an administration that puts America first for a change.....

Not enough H1b visas to go around, probably.

 

[Maryland Patriot]

Pence did all the tax breaks on the state level as he is still governor. We don't know what Trump promised them.

If a US manufacturer wants tax breaks, just say you are moving your facility to Mexico.

What this entire deal is saying is that we should eliminate corporate income taxes. If we don't & offer the Carriers tax breaks, it will play in international markets as government helping Carrier to produce cheaper products. The same thing we accuse other countries of. These countries could slap a tariff on Carrier for that reason.

Carrier had tax incentives & used government money for training programs & had to pay back a couple million when they opted to move. What ever Trump & Pence have them must have been a whole lot more.

here is the beauty about other countries slapping a tariff on any U.S business that sells their products over seas.
The U.S is in a situation now where we import more than we export, if some pissant country wants to start playing the tariff game, who is in the best position to actually cause financial harm to the other? We need to flip that whole thing around anyway, its time that the U.S dollar stays in the U.S. We need to produce and use our own oil instead of sending billions to the middle east for theirs, we need to start making our own happy meal toys, our clothing our electronics, we need to put a stop to those filthy illegals sending what is estimated at 20 billion a year back to their home countries.
The U.S will not recover until we stop being nothing more than the international bank for the rest of the world
Basically, its our turn.

 

[Skull Pilot]

Fourteen hundred people work at that plant and now their jobs are safe.

Leas than 1,000 of the jobs were saved.
The Right NEVER tells the whole truth!!!

Oh so I guess we should have just let all those people be unemployed because there weren't enough of them for you

No, the Right shouldn't have claimed that 1400 jobs were saved when they weren't.
The Right has to lie even about good news!!!!

Yeah the left NEVER lies or exaggerates

 

[JimH52]

I am sure they were given YUGE tax breaks. It will come out.

 

[danielpalos]

I heard Pence is the one who worked the deal and had been working with Carrier for over a year?

Isn't great to have an administration that puts America first for a change.....

I think its great to have an administration that just realizes there are Americans to put first. this being used as the worlds ATM is getting old. And when you consider that in order for us to GIVE money away to some third world country, we first have to BORROW that money with interest.
The stupidity that has been coming out of washington for so many years, and from both parties is about to change. Its why neither party wanted Trump as president either, he is about to not only rain on their protected parade, he is about to send a typhoon after them.
Play time is over.
what he needs to do is to bring corporate tax down to less than 10%, maybe down to zero for companies that have less than 25 employees. That would bring companies from all over the world here to save money, the higher wages here would still not eat into the tax savings they get for being here, and a bonus for the liberals is that we could then afford to absorb all the filthy taco eaters you want because we will have real jobs for them.

Thank you for explaining some of this...

but Carrier's parent company, only paid something like 9.5% in corporate income taxes last year, not the 35% marginal corporate tax rate....

so 9.5% was STILL NOT LOW ENOUGH for Carrier to bring it's hundreds of billions that they have stashed in the Cayman Islands, home....

so is zero in taxes, for all the military protection, and roads and highways and airports and postal services and hospitals and schools that train their employees now and for years come..really FAIR?

corporations used to account for nearly ALL federal revenues collected at one time, and now it ALL comes on the worker's shoulders? Really? iS THAT truly just/fair? I dunno?

it is for the right; just so the already rich, can get richer faster, even without a work ethic from the Age of Iron.