So the Donald has worked out a deal with Carrier not to move 2,000 jobs to Mexico. With this deal only 1,000 jobs are leaving. Not a good deal. During the campaign Trump threatened to slap big tariffs on their products if they moved. So what was the deal about. State tax incentives. Carrier is owned by United Technologies which gets 10% of their revenues from government contracts. But that carrot wasn’t part of the deal. So taxpayers are paying for this deal. Not much of a deal. More like extortion. It also begs the question if the deal was based around state tax incentives, why didn’t Gov. Mike Pence make the deal months ago?
This isn’t manufacturing policy, which is what presidents are suppose to do. This was something the Indiana state legislature is responsible for.
Bernie Sanders wrote an op-ed in today’s WaPo pointing out that this deal creates an opportunity for any company that threatens to move without tax incentives. Not a smart deal.
This is what we have to look forward to for four years. God help us all.