It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The Pentagon is United Technologies biggest customer, and about 10% of the firm’s overall revenue comes from the federal government.
If this is in fact the motivation for the Indianapolis deal—Fortune reached out to United Technologies on this point and has yet to hear back—it will strike some as the sort of crony capitalism that the Republican Party has been railing against since President Obama took office. In fact, this is just what Michigan Republican Representative Justin Amash implied on Twitter Wednesday:
Not the president(-elect)'s job. We live in a constitutional republic, not an autocracy. Business-specific meddling shouldn't be normalized. twitter.com... …
When a state does this, I call it corporate welfare and cronyism. It benefits politically connected companies at expense of most residents.
originally posted by: sdcigarpig
a reply to: In4ormant
Yeah, lets just say it was a 7 million dollar tax incentive to Carrier, for a grand total of 800 jobs saved, breaking down to the following, for every job saved: 8750 dollar tax incentive.
This is a dangerous position, cause now it means that if a company wants a bigger tax cut, threaten to move there and then expect such treatment as well.
"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. Powered by SmartAsset.com TAX CALCULATOR BY TAX CALCULATOR BY 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. money.cnn.com...
originally posted by: Kettu
a reply to: Zanti Misfit
So that's 7 million in revenue the state of Indiana will loose?
Sounds like that's going to cause the REST of the tax paying citizens of Indiana to pay for that 7 million...to keep 1,000 jobs.
That's wealth redistribution right there, isn't it? Making tax payers foot the bill in exchange for other people's jobs?
And wealth redistribution is...socialist, is it not?