To be honest, there was a mix of carrots and sticks to push Carrier to make the right decision. Yes, Trump touted the likely reduction in regulatory burdens. Yes, the Pence’s allies in Indiana put together a few pork barrel tax incentives. But the big stick, lingering in the background, was the threat of loss of federal contracts. Carrier’s parent company United Technologies, depends of federal contracts for about a third of their revenues. They did not want to be on the naughty list of an incoming Trump administration.
Is that a bit unseemly? Yes. Do I want to see that happen all the time? No. Hopefully long term, the United States will again become a low-tax, low-regulation environment where there is little corruption and lots of transparency. If that happens, corporations will move work and jobs here naturally.
However, I don’t feel the least bit bad, after decades of corrupt government bargains and deals on behalf of elites and insiders, that the power of the Presidency was utilized on behalf of saving the jobs of 1000 workers, who had no insider connections.
If this is bullying, lets have more bullying.
She is passed her “use by date” Back to Alaska and write a book
Eric Boling displayed some figures Friday on The Five.
Basically, they showed that Carrier workers earn over $70k a year. That’s $70mil for 1000 workers. The IRS gets about $25mil and IN gets around $2-5mil in taxes.
IN has offered only around $700+mil and Feds = nothing.
Workers, IRS and the State of IN all win. .......JMO