Nobody is forcing companies to stay in the US. He’s just giving them incentives to stay and consequences if they try to sell their made-overseas products back to Americans.
Tax relief (Carrier) is not corporate welfare. Handing the company millions of dollars (Solyndra) IS.
Is there really freedom in the market? I'm not an expert on the economy, but how can there be economic growth for businesses when they're strapped with government regulations that strip them of the ability to conduct their business freely in this country? if they want to conduct business here, they have to spend millions of dollars to comply with over-reaching government regulations. This cuts their assets, and limits their ability to grow doesn't it? Am I wrong here?
What free markets?
Trump made it clear throughout the campaign that he didn`t believe in granting individual tax breaks to companies in order to keep them here. Across the board reductions in taxes and regulations yes, but individual deals, no. How often did he make reference to companies taking the tax breaks and still relocating?
This particular deal was a little different in that Trump made a campaign promise specifically aimed at Carrier, so he probablly felt an additional responsibility to keep the jobs in Indiana rather than see them move to another state, so it wouldn`t surprise me if he encouraged Indiana to try to keep them there. But this was a unique situation because of the role the Carrier relocation played in the campaign.
Notice during his Carrier speech, Trump was quick to mention that relocating within the U.S. is not a problem as far as he`s concerned. Most of those wringing their hands over the deal understand this but are anxious to try and spin a victory into a failure.
It is corporate welfare if you believe every dollar is owned by the Federal/State Govt. I remember when Conservatives were for lower taxes.
Pray America woke
This is why I detested Palin for her “all about me” moment, addressing the Carrier deal.
We have so many back seat drivers, they’ve asked the front seat driver and riders to vacate the car.
Look the most important part of the Carrier saga, is that Trump cares. That is all that is important. Regardless of whether it was the right thing to do in the future. The reality is that someone is listening to the American people. Someone is fulfilling campaign promises. That’s huge. When the press gives politicians a free ride to promise anything on the campaign trail and then do the opposite once in office. That is akin to devaluing democracy and the press. We finely have someone in office who cares about Americans and does what he promises. You can argue the details and the economic value of the act. But that is not the point here.
The tax breaks given to companies, comes back immediately in the form of taxes collected from employees. If those employees are gone, tax revenue is not collected and unemployment benefits must be paid out. Win win.
Yeah right. These guys are really concerned about true conservatism.
It is utterly amusing to me to see supposed “Libertarians” and self styled “True Conservatives” busy mouthing the Marxist economic dogma that all economic output is property of the State and any time the state takes less it is a “Government subsidy”.
That is the base for this absurd “crony capitalism” argument. This dogma that any reduction in government taxation MUST be “paid for” by increased taxation on others is utterly absurd nonsense completely at odds with our system of Government.
No you foolish children. In our system, the State is granted revenues by the people as a collective good. It is their property granted TO the Government not vice versa. It is up to the voters in IN to render the judgment on their Representatives at the voting booth if this was a wise move or a foolish move for the collective to reduce tax burdens on Carrier in exchange for the collective good of keeping the 1100 jobs.
The other glaring error in this absurd argument is the assumption that the economy is a zero sum game. Thus a reduction here means an addition in taxes there. NO children it does not.
The Five on Fox ran the numbers. By keeping the 1100 jobs the State gets a net gain of $2.5 million in taxes from the 1100 jobs maintained. In addition, the State does NOT have to pay out mandated retraining, unemployment and welfare costs of having 1100 productive highly paid workers taken out of the the work force. The economy is a dynamic force not static as you try to make it be in your “Crony Capitalism” argument.
The final lesson here is, again, we see the reason the “Movement Conservatives” have been the least effective political force in US History.
Letting people keep their OWN money rather then taxing it way from them is GOOD. It is the heart of Conservatism.
We are not going to undo 100 years of creeping socialism by stamping out feet and holding our breath demanding ideologically perfect political dogmas. Yet here we go again with the usual “Movement Conservatives” trying desperately to spin a win as a defeat because it does NOT fit their ivory tower dogmatically pure political fantasies.
That mindset is EXACTLY why “Movement Conservatives” have been the most political ineffective group in US History. They all are so busy whining about everything not being dogmatically ideologically perfect they have accomplished nothing politically since 1980.
Rather the cling to these day dreams of some mythical perfectly ideologically pure fantasy land, it time Movement Conservatives learn to live in the REAL world of poltical incrementalism rather then their ideologically pristine ineffective bubble world.
Your argument is based on a false premise. You don’t get to manufacture a fraud and demand everyone debate on the basis of your ignorance.
LEARN facts that challenge you emotion based ideologically imprinted dogma, rather then just cling to the dogma like this.
Your argument is totally without any intellectual merit.
Curious if any “Movement Conservative” can comprehend the difference between cutting someone future taxes (i.e. Carrier) and taking money out of the Federal Treasury to make grants and loads to a crony (i.e. GM or Solyndra)?
But of course, this isn’t about fact and principals. It is still about #Never Trumpers clinging to their butt hurt that Cruz lost to Trump in the Primary.
But that right, you are still locked in your zero sum fallacy. Still blindly regurgitating this bit of ignorant idiocy.
Every other company and family in Indiana has to bear a greater share of the state's tax burden