If this kinda thing worked, Upstate NY would be flouishing. It’s not. And won’t be. This bribe w/OPM is indeed a bandaid. And an insult to voters’ intelligence.
Spoken like someone whose job isn’t on the line at Carrier.
What is the problem with the Sate of IN allowing Carrier to keep their own profits, instead of taxing it away from them for the next 10 years, in order to keep the jobs here?
What's interesting here is that Carrier seems to have cut a deal for state and local tax breaks to keep it from moving this operation from Indiana to Mexico. Most state tax incentive programs are aimed at keeping companies from moving to other states.
So Carrier is owned by United Technologies. UTX last reported $56.5 bil in net sales, $6.3 per common stock...And Carrier is screwing taxpayers out of 7 mil?! Now I’m REALLY pi$$ed.
So why is upstate NY floundering, really, if a state tax haven has really been created to attract and keep business?
why is business OK in South Carolina and Texas but not upstate NY- really?
Sorry, but you not understanding basic math and economic principles does not make this an insult to voter’s intelligence.
Upstate New York is not Indiana.