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It was my father the Nixonite who never got tired of telling me "there's no free lunch."
Indiana taxpayers are footing the bill for Carrier "saving" the jobs. Whether or not it's worth it is up to them, though I note this is the second time this decade the company has gotten a tax break from the state. It's a strategy that's been proven to work for them.
Let's all look at the bright side of this.
United Technologies (UTX) CEO Gregory Hayes was compensated a whopping*$9 million in 2015.*
He'll get to keep it now.
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I'm sure you showed the same concern for taxpayers when Solyndra was funded.
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Did that come out of Query's toaster?
Did that come out of Query's toaster?
LOL @ Q-#### being able to afford a toaster.
Let's all look at the bright side of this.
United Technologies (UTX) CEO Gregory Hayes was compensated a whopping*$9 million in 2015.*
He'll get to keep it now.
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Second highest.Small businesses are corporations too.
Oh, I get it. You favor across the board tax cuts on all corporations.
You're in luck, because Trump wants to cut the current, highest in the world rate of 35 percent down to 15 percent.
And when he does, I bet a lot of nice things will happen to the economy.
But you were obviously thinking that too.
Carrier got a $7m tax break to keep 800 jobs in the US. They are still opening a plant in Mexico that will employ 4100, down from 5,000 before the tax deal.Just read the AP story about the Carrier deal.
I was heartened by the fact AP is still awaiting confirmation from Carrier regarding aspects of the deal. That's a stark contrast to coverage during the Obama years, when the Iran deal, Fast and Furious and other adventures were closed out with merely an explanation from the administration.
Nice to know the reporters are no longer just stenographers.
Hey, maybe after Jan. 20 the AP will reinstate the Iraq/Afghanistan death toll numbers for American killed there, a staple of reports from those two countries when W. was in office. That was discontinued when Obama took office.
Is it just me or did somebody get under BusyBothole's skin?
He seems a bit agitated lately.
Over the next ten years, United Technologies will receive $ 7million in tax breaks. In return, the company will invest about $16 million in the state and produce 1,000 jobs.
True to form, NRO is bashing the deal because of tax cuts for business...
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They used to be all in for that sort of thing.
A tax on business is a tax,
ON THE CONSUMER!
That's why they flee.
I just heard that Carrier was offered the same tax incentive before the election and turned it down.So Indiana will get zero point four percent (O.4%) of the 230,000 jobs within their company. The State has been conned.![]()