If you worked for Carrier in Indiana, would you be upset that your job was saved because of public subsidy?

Apples meet oranges.... wrote:

fisky wrote:

Trump gives a company $7 million tax cut to keep jobs in America.

Liberals are outraged.

Obama gives Iran $1,700,000,000.

...crickets....

Wait, Carrier's executive team was on the verge of developing a nuclear weapon!?!? Well, that changes everything...way to go Trump!!! #MAGA

So it's okay to pay a ransom to radical Islamic terrorists so they don't build a nuke but it's not okay to pay a ransom to an upstanding American corporation to save hard working American jobs? You, sir, are a moran with wacked priorities....typical SJW idiot.

RossiCheated wrote:

Carrier is building a plant in Mexico and Americans are paying for it.

Not exactly like his campaign promises, is it?

Link to a credible source or this is fake...

It isn't discredited. But misunderstood. It doesn't say tax cuts increase revenue or tax increases reduce revenue. It says beyond a certain point that happens. Most economists think the tax rates where the change happens are up in the 60-70% range (well above where we are today).

You talk about texas. Why don't you talk about how well Kansas has been doing with its tax cuts :) Or how top 10 job growth california has one of the highest tax burden out there. Economics is a lot more complex that one little graph.

But this case really isn't about Laffer curves. It is about is it ok for the government to play favorites. Should every company get a couple hundred thousand for every job they provide? Obviously that doesn't work. So right now a couple of chosen companies get subsidized by the rest of the nation. Great if you get the taxpayer handout. Not so great if you are the one writing the checks. When Obama was doing crap like this everyone complained about government meddling (socialism) in business. It is amazing how quickly peoples opinions change. I bet the next line we will hear again is "deficits don't matter". It is sort of ironic that the only people that can do massive deficit spending are the people who talk about fiscal responsibility:)

DiscoGary wrote:

It's not a subsidy, it's a tax cut.

Obama's crony capitalism where he gave money to Solyndra and Tesla, are examples of subsidies.

The way to grow business is to cut corporate taxes from 35% to 15% or less, and stand back and watch the boom.

LOL! While I don't disagree with your comment about the corporate tax rate, I think it's laughable that you don't recognize the fingerprints of so-called "crony capitalism" on Trump's Carrier deal. At least Trump will "be held accountable"....and if you believe that I have a heavily edited, biased version of the Thanksgiving story to sell you.

4334 wrote:

Would that bother you?

Well, not as much as Hollywood subsidizes apparently should bother me according to resident LRC ant-Semites.

rojo wrote:

The stadium deals make me the maddest.

Agree on the stadium deals. Another one is the tax deduction that wealthy alumni get for making "donations" to university athletic departments for the purpose of gaining access to better seats. At my university, seats on the 50-yard line require an annual donation of at least $2,500 per seat. Thus, taxpayers are subsidizing the football tickets for thousands of wealth alums.

These donations have little benefit to the students who are not members of a an athletic team. Our athletic department is run independent of the broader university as a "non-profit" and does not receive subsidies from taxpayers or tuition. Many alums incorrectly assume their donations to athletics are the same as supporting academic programs, so they do not give to the overall university. Since the athletic department is a non-profit, it must spend all of its revenue, which means fueling the arms race of coaching salaries, bloated staff, and infrastructure spending on new stadiums, luxury suites and facilities.

the next 4 years are..... wrote:

BIGgovernment intervention=BAD wrote:

TRUMPTRUMPTRUMPTRUMPTRUMPTRUMP!!!!!! We are going to start winning so bigly from now on we're all going to forget what losing was like!

Trump is PROVING that pure free market capitalism without ANY direct government intervention is in the best interest of AMERICAN workers and our economy through his actions. We are seeing the oft spouted GOP economic logic of decreased government meddling in buisness in action.

LOL! ^This...#MAGA!!!!!

+1 #MAGA

Apples meet oranges.... wrote:

Wait, Carrier's executive team was on the verge of developing a nuclear weapon!?!? Well, that changes everything...way to go Trump!!! #MAGA

This made me really laugh out loud. Do you really think Iran has stopped its nuclear weapons program? Here's how that deal probably went down.

Kerry: You need to stop your nuke weapons program or we're going to sanction you.

Iran: No

Kerry: Look. We really need to a deal here. What if you just say you're stopping your nuke program? We won't even inspect you. We'll take your word for it.

Iran: No.

Kerry: Okay. You're making us look really bad.Just hide what you're doing. We'll throw in $1.7 billion.

Iran: Deal.

targeted tax breaks, interest free loans, grants....these are all subsidies DG.

Here is a more comprehensive list than the one posted by rojo.

https://www.washingtonpost.com/blogs/govbeat/wp/2015/03/17/the-united-states-of-subsidies-the-biggest-corporate-winners-in-each-state/?utm_term=.579a8d89e8e7

In 2016, when Donald John Trump said he would keep Carrier from moving a furnace factory from Indiana to Mexico, BHO smirked. At a town hall meeting in Indianapolis, he taunted Trump when asked about the loss of hundreds of jobs at Carrier.

"Some of those jobs of the past are just not going to come back. And when somebody says like the person you just mentioned who I’m not going to advertise for, that he’s going to bring all these jobs back. Well how exactly are you going to do that? What are you going to do? There’s no answer to it,"

"He just says, ‘I’m going to negotiate a better deal.’ Well how? How exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer."

The magic wand is called tax relief. Abra-cadabra, the corporate tax rate dropped from the 35% to 21%.

And abra-cadabra, a thousand useless regulations disappear.

And abra-cadabra, trade agreements are re-negotiated.

And abra-cadabra, United Technologies -- the parent company of Carrier -- just announced it will create 35,000 new jobs over the next five years. This is an investment of $15 billion. The jobs are not just at Carrier.

The losers who ran things from 2006-16 (Pelosi, Reid, etc) hate the idea of job creation. How's are those imaginary "green economy" jobs going, eh?

You know that all those Carrier workers are still getting laid off despite Trump's promise, right? The workers finally figured it out and are pissed.

https://www.vox.com/first-person/2018/2/6/16976176/carrier-president-trump-layoffs

LOL -- did you actually READ the information on United Technologies website at

https://www.utcinvestingintheusa.com/

? I'll give you a clue, dummy:

"UTC is hiring in the United States. We are growing, and we expect to have up to 35,000 positions available for U.S. job seekers over the next five years. Although most openings will result from work force retirements or normal turnover, several thousand of these positions will be net-new jobs that don’t exist today."

Yes, we're going to hire people to replace people that retire. And they call it job creation. M A G A!