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originally posted by: NoAngel2u
Dec 1 2016 Fox news: America's Newsroom
Mellisa Francis: "The Obama Administration was both too lazy and too dumb to do things like this. This is exactly what Trump is going to do going forward and it makes economic sense. That's what's important and best for our country, overall."
Martha MacCallum: "Workers here get $23 an hour. Workers in Mexico, for this job, were going to get $3 an hour. So they figured out a way to close that gap, with regulation cutting, tax cuts, and whatever other kinds of tax incentives they were given to stay there. It's fascinating, actually, and we're going to see wherever else it snow balls."
Mellisa Francis: "It's math and logic. I love it."
What?? So essentially she loves corporate welfare. She loves that the poor working class taxpayers, that they supposedly are championing and will ultimately be paying that $20 dollar to keep those jobs.
I thought his plan was to penalize these big companies from taking jobs out of the country? Will they be penalized for the more than 1k jobs that will still go to Mexico?
originally posted by: Bluntone22
a reply to: NoAngel2u
Her math sucks.
$23 hourly pay plus...
Health insurance premiums.
Now you're closers to $45 hourly pay versus $3.
Wonder if she ever had an employee? I don't know her.
originally posted by: pteridine
originally posted by: Zarniwoop
The first thing that comes to my mind is... how can a President elect make a deal to cut taxes on behalf of a state?
What state is Pence the Governor of? What state are the Carrier jobs being saved in?
originally posted by: Edumakated
There are so many it is hard to even digest it all... everything from OSHA regs, EPA, Healthcare, tax code, etc. It is like death from a thousand cuts. Every time some bureaucrat dreams up some new regulation, it costs time and money for a business.
Let me give you an example. I work in mortgage finance. We are extremely regulated.
There were some new regulations that came out of the CFPB last year regarding disclosures that have been very burdensome. I work at a mid-sized company. We literally had to create an entire department of probably 5 or so new people just to deal with compliance of this regulation. These employees generate absolutely no value to the company. They don't generate revenue and are just a cost of operations adding several hundred thousand dollars to company payroll.
These costs get passed on to our customers in the form of higher rates. So everyone is paying for this useless regulation that made some politician and bureaucrat feel good.
In the case of manufacturing, it is lot easier sometimes to just move operations overseas for lower labor costs than to reduce costs in other areas.
EVERY business has to deal with the following formula... Revenue - Expenses = Profit. No entity other than the government can consistently operate at a loss so maintaining profit margins is essential.