Trump Carrier deal: The opposite of what he said he’d do
During the campaign Trump make Carrier “pay a damn tax.” He’s doing the opposite.
In exchange for not outsourcing some jobs, United Technology, which made a profit of $7.6 billion last year and owns Carrier, will reportedly receive $7 million over 10 years in state economic incentives. The company was also assured the Trump administration will lower corporations’ federal tax burden and ease regulations.
In a Wednesday press release, Carrier acknowledged both the federal and state incentives…
Trump and Pence dangled carrots in front of United Technology to entice the corporation to not outsource roughly 850 jobs to Mexico. But that’s a major departure from the approach Trump promised while talking about Carrier on the campaign trail.
During a rally in Indianapolis in April, Trump detailed plans to hit companies like Carrier that outsource jobs with a tariff of 35 percent when they try to sell their products in the United States.