Agree, this was the State of Indiana giving tax breaks, over 10 years that amount to $7 million, only $700K per year. Indiana is running a surplus, so these tax credits can be financed out of budget surpluses from Indiana, not federal tax dollars.
More importantly, and this is where Trump really got Carrier’s attentions is that United Technologies, the Parent company of Carrier, also is the parent company of Pratt and Whitney (major industrial engine mfg.). United Technologies via its subsidiary Pratt and Whitney gets 10%11% of its revenues from the US. Federal Government, mostly Defense contracts. In other words, according to SEC Reporting requirements and US Generally accepted Accounting principles, the U.S. Government is a Material Major customer to United Technologies Revenues and Operations [5.63 Billion of Revenue out of 56.09 Billion in 2015, per United Technologies 2015 10-K.]
Hmmmm, you don’t think Trump had a conversation with the CEO of United Technology and said something like
“Hey, you know, you guys I here from all my Military guys are doing some fantastic work for our military, and you know, I am going to be upgrading the military in my administration, and I would love for your company to continue doing fantastic work for our military”. You don’t think the CEO of United Technologies got the message.
There were no federal tax dollar bailouts, just a President using what Teddy Roosevelt called, the “bully pulpit” as a “bully pulpit” to keep jobs here.
Palin is clueless.
True words
And sadly many here at FR
It’s all noise to distract and divide