"It makes economic sense." - That's what Castro always said.
Posted on 12/05/2016 7:18:50 AM PST by reaganaut1
No one ever doubted Donald Trump’s talent for theater, a gift he is exercising with some flair in the matter of the Carrier air-conditioner company’s facilities in Indiana.
Carrier had planned to move a furnace operation to Mexico and to shutter a plant in Huntington, Ind., where it manufactures electronic controls. After the intervention of President-elect Trump and Governor Mike Pence, Carrier has agreed to keep the furnace operation going in Indiana, albeit with several hundred fewer employees. It still will close the electronics plant and offshore those 700 or so jobs. It will move about 600 jobs from the furnace facility to Mexico as well, though it will keep 800 of them in Indiana. It has also promised to keep 300 research-and-development positions in Indiana — jobs it had never planned to relocate in the first place.
There are two aspects of this to consider: The first is a question of principle, the second is a question of competency.
We are not very enthusiastic about government-run economic-development programs that rely on industry-specific — or firm-specific — tax breaks, grants, or other concessions. In the long run (and generally in the short run, too), these programs are almost always corrupt in themselves and a source of corruption in others, with the benefits going mainly to politically influential and well-connected companies, whether that means Solyndra during the Obama administration or Carrier in the Trump administration. Inevitably, what happens is this: The government creates a set of incentives to encourage certain kinds of business activity, from “green” energy to manufacturing, and then, after a few years pass, complains mightily that companies are responding to the incentives that the government created.
(Excerpt) Read more at nationalreview.com ...
Well said.
Da!
Why should I oppose this? It makes economic sense. Oh, I get it! Because it doesn’t meet the definition of “conservatism” espoused by a hard core of losers who live in the NRO fantasy world.
Trump can’t change the tax code. He’s President-Elect.
We Are Real, We Are Truthseekers, And We Do Not Accept Mainstream Media Fake News!
Investment Watch Blog ^ | 12/4/2016 | Pamela William
Posted on 12/5/2016, 8:49:57 AM by Non-Compliant_Deplorable
“The essay I want to share with you is one the most excellent and far-reaching pieces of truth I have ever read. The writer is Carl Herman. Carl Herman is a National Board Certified Teacher of US Government, Economics, and History; also credentialed in Mathematics...he demands a clear vision of the current Mainstream Media hoax that is currently being played upon Alternative Media. He gives examples of the true hoax of Mainstream Media, which has been played on the American people for a very long time. That is how Alternative Media was born….we had to find our way from the darkness of lies to Light of truth. The Internet is both a positive and negative entity, but Alternative Media has become the positive force of the Internet...”
http://freerepublic.com/focus/f-news/3501626/posts
Numbnutz, Trump is "President elect" not yet President and he can not change any tax code...yet.
He did what he could, and still you carpers just bitch and bitch and bitch.
I'll provide you a link to a source of information that serves as the foundation of my political philosophy.
Enjoy.
So I see, you are a moron who failed basic reading comprehension.
How sad it must be to be you. You seem to have a dim perception that nature played a cruel trick on you but lack the connective functions to recognize your fundamental idiocy.
I absolutely do! The delusional here think it is a one time, one year taxpayer gift.. I figure minimum ten years.. Nice CEO Christmas present, huh? Not so much for taxpayers. Taxpayers on this board have been replace by trumpbots. Censorship, ridicule and every Obama strategy for those who oppose taxation and corporate croynism. For decades I loved the debate, the reason, the swordsmanship of ideas and thoughts here.. A thing of the past. Jobs created or saved... back in style for this board.. the GOP e.
The corporate tax code should be the same for all businesses large and small.
However we get into the problem of specific States (and cities) offering tax incentives for companies to move to their location. The Federal government shouldn’t really get involved in this.
Basically, large businesses have the opportunity to throw their weight around both at the Federal level and at the State, county, city level. They can extort huge tax concessions from government entities in exchange for moving or not moving their workforce. (You see this all the time in sports teems threatening to move if they don’t get a new taxpayer subsidized sports stadium).
I don’t know what the answer is but this extortion puts a bad taste in the mouth, particularly of small businesses who don’t get the offer by who, collectively, employ a lot more people.
Did you even listen to her? If so, what did she say that was wrong?
Here. I'll provide the link again.
These issues aren’t really about Trump.
These are issues that have bedeviled conservatives for a long time.
In general, smaller Federal government would help solve a lot of it. But the issue of large businesses extorting States, counties, cities for tax incentives (and other perks) is not going to go away.
This is not just a theoretical problem. Corporations don’t have to locate anywhere in the USA. Even if they have low or no Federal taxes, they still have boatloads of regulations ... and they are still faced with taxes at the State and lower levels. This makes them less competitive with corporations worldwide who do not have the same regulations/taxes.
At the same time, small business gets dinged the worst since they don’t have the leverage to cut deals. Collectively, small business employs more people, but most States/cities/counties chase after the large corporations trying to attract them rather than provide incentives for small businesses to thrive and more of them to be created.
"It makes economic sense." - That's what Castro always said.
Except it didn’t.
If you’re wanting to compare Trump to castro, then this probably isn’t the website to do so. I suggest NRO, the weakly standard, or some other hotbed of neocon jackasses.
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