popper wrote:DCZards wrote:popper wrote:
I don't see us as on opposite sides of the spectrum TGW. I assume we both want pretty much the same thing (a strong, just and prosperous country). Regarding core govt. programs, wouldn't you agree that they need to be periodically evaluated to assess their efficacy versus rubber stamping them into perpetuity?
Regarding corporate tax rates, there is a bipartisan consensus that they are too high and need to be reduced in order for us to remain competitive. What rate do you think is best for the country and why?
I think the thousand Carrier employees and their families would strongly disagree with you that continuing their work in the U.S. is a clear loss from a negotiating standpoint. I'm glad our president-elect fought for them and their families.
Popper, what you see as Trump fighting for workers and their families others see as the President-elect buckling in to coporate America...and breaking a campaign promise. I suspect that this is not the first campaign promise that we'll see Trump flip-flop on.
Senator Bernie Sanders lambasted Donald Trump for giving Carrier tax incentives to keep 1,000 jobs in America.
The deal has widely been seen as a victory for Trump -- he mostly delivered on a campaign promise. But Sanders argues that Carrier and its parent company, United Technologies, are having the last laugh.
"In essence, United Technologies (parent of Carrier) took Trump hostage and won. And that should send a shock wave of fear through all workers across the country," Sanders said in an Op-Ed in The Washington Post on Thursday.
Sanders key point: If corporations want cushy tax cuts, all you have to do is threaten Trump and say "we're moving to Mexico."
"He has signaled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives," Sanders wrote.
Sanders points out that wasn't what Trump told voters.
"After running a campaign pledging to be tough on corporate America, Trump has hypocritically decided to do the exact opposite," Sanders wrote.
Sanders is simply wrong DCZ and that shouldn't surprise as he has zero business experience. Corporations don't bully strong presidents. The opposite is true, they kow-tow to them.
Well said Carrier's parent company United Technologies has 6.7 billion in government contracts. According to multiple outlets, this was the stick that got Carrier to back off.
Save 65 million or risk 6.7 billion? Not a tough choice. This tactic will work for hundreds of companies, cutting off federal bids and/or existing contracts for major outsourcers is a no brainer for a CEO.
I love this approach, Corporate boards typically answer to no one but themselves. But having barriers to enter federal bids will indeed keep a lot of jobs in the US, and likely even bring some back.
1. Eliminate x employees for outsourcing, you lose access to renewal of federal contracts (or something similar)
2. Grow your manufacturing/US employee base by reducing offshore workers and get a tax break repatriating money.
Great start in my opinion, it's the type of deal only a businessman could construct. He can look at the other side of the table and see their concerns or legal angling, unlike an Obama or Clinton. He'll likely be employing a major corporate law firm for these negotiations.
Bravo, even if it's 1000 jobs it's a great test-case.