[Lockbox]

A mathematical breakdown of why the deal Trump made with Carrier is PURE GENIUS

The deal announced today states that Carrier will keep 1,069 jobs in the US in exchange for $7 million , over 10 years, in tax breaks from Indiana. These jobs on average make about $30 an hour. Full time workers on average work 2,087 hours a year so that means 1,069 (2087)($30) gives you approximately $67 million dollars in income a year. The state tax rate in Indiana is 3.3% so $67 million (0.033) gives you about $2.2 million dollars in state income a year while the state is only giving Carrier a $700,000 tax break a year. Indiana is getting a 300% return, per year, on their investment. This doesn't take into account the extra flow of money into the economy and Carrier's plan to invest $16 million into the plant itself. Liberals who are complaining about this deal need to learn basic math.

Spez: Sources: http://www.bankrate.com/finance/taxes/state-taxes-indiana.aspx

https://www.google.com/amp/amp.usatoday.com/story/94781008/?client=safari

Trump literally saved Christmas for thousands of kids whose parents can afford presents now... St.Trump!

https://investmentwatchblog.com/a-mathematical-breakdown-of-why-the-deal-trump-made-with-carrier-is-pure-genius/

[Sidebar Moderator]

I betcha these hypocrites at NRO wholeheartedly supported Reagan’s bailout of Harley Davison.

[ThePatriotsFlag]

Shut up NRO ... you have the same credibility as the Dixie Chicks.

[ExGeeEye]

My comment (remembered, but the gist anyway)

Here’s the difference: with tax cuts, it’s the company’s money to begin with! The Government is merely agreeing to stop confiscating so much of it.

[conservatism_IS_compassion]

According to Scott Adams The New CEO’s First Moves (and Trump) the Carrier deal is Trump staking out his territory as the new CEO. A standard move for a new CEO. It doesn’t have to be good, in the long run - it just looks good right now.

Carrier will live, I’m not worried about the corporation. It’s not like Trump was shutting down every Republican-leaning Chrysler/Jeep dealer, which is what Obama did (lest we forget) in his first year. Now, that was tyrannical.

By the time Trump is through cutting corporate taxes, Carrier will be way ahead in short order. And Trump is giving them a PR boost in the meantime, predicting - implicitly calling for - a buycott of Carrier for their good deed.

[terycarl]

total nonsense...Indiana will spend 400,000,000 and gain 2,500,000,000....and 1,000 people will be able to keep their jobs and NOT GO ON WELFARE.

[Paved Paradise]

Please, somebody translate this for me...boring AND I’m not a financial/business minded person.

[Son House]

Shows the level of urgency for a massive recovery the private sectors needs,

or Trump doing what he could short-term,

he can’t pass laws or deregulate anything as President-Elect.

[SecondAmendment]

Isn't rather difficult (if not impossible) to make a full throated criticism without first knowing the the facts ?

This must be why the article reads more like a drunken rant than an scholarly analysis...

[ozzymandus]

NR is bitter, like the Clinton supporters they are.

[kabar]

It is called economic nationalism. Ignore the calls of crony capitalism. We must do everything to make the US business environment welcoming to our own businesses and even those who wish to invest here.

The US domestic market is the biggest in world when it comes to consumers. We have all the leverage and don't use it. Cheaper goods for the consumer are great under globalism, but it is destroying the US middle class.

[DBeers]

The State of Indiana is free to do what it wishes as far as state taxes are concerned. The establishment types that could not win an election and stop the Left are peeing in their pants over a principle that comes secondary to the right of a State to decide such matters...

[DBeers]

Let me add the obvious question: How much in taxes was Carrier in Mexico going to contribute as realized tax revenue in Indiana?

Obvious answer: ZERO

[Jim Noble]

Not everything is about economics.

Many things of great importance are not.

The purposes of the US government are: “to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity”.

[greeneyes]

Tax breaks are legal, and states often grant them to attract businesses. The cost per person of these tax breaks over the 10 year period are way less than would be spent giving these people unemployment benefits.

In addition, the money less people earn will help to keep the local economy going, and tax revenue from state sales tax etc.

Besides, Corporations don’t really pay taxes, as they simply pass those costs on to their customers.

[justa-hairyape]

So the moral of the article is that conservatives should think tax cuts are bad. Wait..... What ?

[Cobra64]

Was this guy in the room during the discussion among Trump, Pence, and the Carrier representative?

[gogeo]

Oh yes, Kevin D...charter member and founder of #nevertrump.

[OKSooner]

Typical Republicans, and they can’t understand why they’re such losers.

[trebb]

LOL! The State gave Carrier the tax cuts and it has been a practice for a long time for States to offer tax breaks to entice businesses to either build in the State or remain in the State.

I'm a bit disappointed in Palin's rant on this too.