Posted on 12/02/2016 7:24:31 PM PST by LesbianThespianGymnasticMidget
Edited on 12/02/2016 9:31:15 PM PST by Jim Robinson. [history]
Sorry, can’t post bloomberg content per their copyright complaint.
Several of them did - Ford, Toyota, Honda, Nissan, BMW, among others - but by that time GM and Chrysler were Government Motors and they assured everyone there wasn’t any reason that 55mpg CAFE was a concern. The Obama Administration made a big deal out of that at the time.
Hear, Hear and Bravo.
States and cities cut deals with businesses all the time. Surely you know that.
Someone needs to ask Sarah Palin if this is also crony capitalism in her book.
Read the article. They are not asking for tax deals for Ford. They are asking for tax adjustments for all corps and CAFE standards being eliminated. As a previous poster posted it is all about their truck biz where they make their money. They are essentially forced to make the teensy crap cars to meet fleet cafe standards.
It is a win win deal.
Carrier only got modest state tax breaks. I did the math for people on another thread last night. The net 10 year revenue without considering what it would have cost to pay unemployment, job retraining costs and loss of property taxes is over 6950000 to Indiana. So lots of costs vs splitting the difference. Trump strong armed UTX threating their 6 billion in gov contracts. He then let them save face.
Ford doesnt need face saving.
CAFE standards are destroying the auto industry.
Donald Trump has won the presidency.
Who pays a corporation's taxes? The corporation or the consumer?
Trump has already talked about rolling back regulations that hurt businesses along with EPA regulations. This would be for all businesses.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Obama inc. set up some really stupid fuel efficiency mandates for car makers, especially since we have discovered that the U.S is awash in oil, it’s time those ridiculous mandates are eliminated. Let the market decide.
I don’t recall much resistance to that insane rule.
This rule is doing weird stuff to cars. I noticed today while walking through a crosswalk at a stoplight that, when the light turned green, several engines started up. Won’t be long before you are not able to buy a car that doesn’t promptly shut off at every stoplight. Cars now have automatic shutters in the air inlets that close at speed to improve aerodynamics. Looks like big repair bills coming up in five years.
I also suspect he’s threatened them with YUGE tarrifs.
I said Tax Breaks like Carrier got. Individual company tax breaks. Here we are talking about tax cuts for all corporations. And it is always the consumer. Tax breaks are the consumer subsidizing a single entity. Tax cuts cut all consumer costs.
The press didn’t cover it because it didn’t match their narrative. All those automakers sent reps to testify before Congress and issued statements. Pretty much they got the same treatment as anyone who opposes the media narrative - ignored, lambasted, ridiculed, relegated to the back page if coverage is required. Those makers *were* desperately trying to stop it but since the media was controlling access...
And yes, those auto stop-start systems came over from Europe, but they have a reasonable decade-plus long record of reliability. They seem to be doing well over here as well.
The Administration plan was that people would shift over to the ‘clean diesels’ and electric cars that this regulation would force the market to make and purchase. VW torpedoed the first part and reality did for the second.
What would be the additional tax burden on Indianans for 99 weeks of unemployment for 1,000 workers *plus* Carrier's current tax payments (which go to zero were they to go to Mexico) *plus* the loss of income tax payments from 1,000 now-unemployed workers?
Don't get down on Trump for making a phone call and saving 1,000 jobs! It's amazing he could do this at all -- he's not even president yet!
But Trump's stated policy is to reduce the corporate tax rate to 15% across the board. That makes us more competitive. However, as consumers ultimately pay the corporate tax, I've never understood why it is not ZERO.
http://freerepublic.com/focus/news/3500927/posts?page=26#26
We are in total agreement. Carrier was a win win.
Sorry, Lez. I misread your original reply to me, which sounded like you disagreed.
I watched it. Was that for real? Did he really appear on SNL last year for this skit?
It did. Prophetic, no?
My 6.5 mil figure is JUST the income tax implication.
Indiana got a damned good deal.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.