Trump’s deal with Carrier
“Carrier says it has deal with Trump to keep jobs in Indiana,” Nov. 30 news brief.
President-elect Donald Trump’s first policy move should be acknowledged and celebrated by all Democrats (like me). Standing in the way of Carrier moving jobs to Mexico is a positive, and an affirmation that is opposite from “getting the government out of the way of business,” the battle cry of conservative Republicans. Whatever threats and deals were made is a first step toward preventing businesses from being excessively beholden to stockholders and maximum profit without any accountability to the American working class. If Trump uses the bully pulpit to shame more businesses and create more public/private partnerships that keep jobs here, bravo.
BBB If I told you that President-elect Donald Trump pledged to force United Technologies to “pay a hefty tax,” only to then reward the company with a hefty tax cut while sending 1,300 jobs to another country, would you say that was someone willing to make America great again? Or someone passing off a favor as a deal?
Is the Carrier arrangement a deal or no deal? United Technologies, the parent company of Carrier, will still get to lay off most of the targeted Indiana workers, nearly 1,300, and replace them with much cheaper labor in a foreign country. It also gets partial compensation from the state government, conveniently from the Indiana governor and vice president-elect, Mike Pence. Instead of worrying about a potential tariff, United Technologies can anticipate possibly a major reduction in the federal corporate tax rate.
How’s that for punishing corporations that threaten to shut down in the United States and move abroad?
President-elect Donald Trump speaks to workers at Carrier, the air conditioning and heating manufacturer, last Thursday in Indianapolis. Tasos Katopodis, Getty Images