Profile image
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Carrier Tax Incentive Leaves Progressives Baffled

Thursday, December 1, 2016 14:47
% of readers think this story is Fact. Add your two cents.

thumbs-up-d-trump WASHINGTON, DC - MARCH 28: Sen. Bernie Sanders (I-VT) addresses a rally in support of Social Security in the Dirksen Senate Office Building on Capitol Hill March 28, 2011 in Washington, DC. Sanders and four other Democratic senators, including Senate Majority Leader Harry Reid (D-NV), said the Republicans' entitlement reform plan will

Instead of praising President-Elect Trump for this pro-domestic employment feat, some are coming out swinging against the President-Elect.Senator Bernie Sanders claims Trump “has signaled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives.”
Where was this progressive loud mouth when President Barack Obama sent 400 million dollars in unmarked cash to Iran? Some called it a good diplomatic move, other alluded to the fact that it seemed more like ransom. What kind of precedent did this act make? However, I digress. Let us take a moment to think about this 7 million dollar tax incentive.
The seven million dollar incentive is over a ten-year period. This equates to 700,000 dollars a year. When we look at the fact that Carrier is now reporting that the total jobs saved is at 1100, which comes to just over $636 per employee per year. This is less than what it would cost taxpayers in entitlements if people lost their jobs. In addition, let us not forget, by saving these jobs, we potentially saved other jobs. Everyone’s job in the United States depends on the job of someone else. Without jobs, people cannot buy things. If people do not buy things, then this leads to more jobs lost and a bigger burden on the American taxpayer. In short, just by directly saving 1100 jobs, the President-Elect possibly saved other jobs indirectly.
Carrier also announced that they were going to invest more than 16 million dollars in renovating their plant in Indiana, which is also great news for the economy. Think about it. This spending also causes a positive domino effect on the economy. Carrier will hire a general contractor for this work. The general contractor will provide the labor and the materials. They will in turn need to purchase the material from a supplier. The cycle will continue. This wonderful effect will prove that the tax incentive will pay for itself.

The post Carrier Tax Incentive Leaves Progressives Baffled appeared first on Tea Party Tribune.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.