patrick.net

"In essence, United Technologies took Trump hostage and won. And that should send a shock wave of fear through all workers across the country.
Trump has endangered the jobs of workers who were previously safe in the United States. Why? Because he has signaled to every corporation in America that they can threaten to offshore jobs in exchange for business-friendly tax benefits and incentives. Even corporations that weren’t thinking of offshoring jobs will most probably be re-evaluating their stance this morning. And who would pay for the high cost for tax cuts that go to the richest businessmen in America? The working class of America.

Let’s be clear. United Technologies is not going broke. Last year, it made a profit of $7.6 billion and received more than $6 billion in defense contracts. It has also received more than $50 million from the Export-Import Bank and very generous tax breaks. In 2014, United Technologies gave its former chief executive Louis Chenevert a golden parachute worth more than $172 million. Last year, the company’s five highest-paid executives made more than $50 million. The firm also spent $12 billion to inflate its stock price instead of using that money to invest in new plants and workers.

If United Technologies or any other company wants to keep outsourcing decent-paying American jobs, those companies must pay an outsourcing tax equal to the amount of money it expects to save by moving factories to Mexico or other low-wage countries. They should not receive federal contracts or other forms of corporate welfare. They must pay back all of the tax breaks and other corporate welfare they have received from the federal government. And they must not be allowed to reward their executives with stock options, bonuses or golden parachutes for outsourcing jobs to low-wage countries. I will soon be introducing the Outsourcing Prevention Act, which will address exactly that.

Hahaha-keep at it-you will guarantee a 2nd Trump term. Safe space, safe space!

"Not YOU, if you're still reading WaPo trash."

It was written by Bernie Sanders. Would you give it more weight if he had gotten his editorial published on Breitbart?

Oh here is Obama about carrier jobs-this is the leftist mentality-no wonder they are a coastal party of the elite.

www.youtube.com/embed/LCUTuLbkNXQ

When Trump stops writing corporations a check to help with their quest to coalesce all companies into one Soros/Buffet joint venture.
And the Trump SBA starts growing meaningful employment for the middle class.

Sanders will be an old senile fool by March.

How hard is it to understand that none of these Ameican hating companies, that most Trump voters have already sworn to never buy from again, can do what ever they want.
Trump is going to ignore them and leave them to fend for them selves, there wont be any secret White House meeting with them, there wont be any grand social engineering with ADP, Corporate HR, and the Recruiters.

I'll be doing my own books, free of Liberal regulation that prevented all of those before me for WAY too many years.

Free at last! Free at Last! Lawd hab mercy Free at fucknig last!

Just to be clear here, we don't give a shit if they go or stay.

We're more interested in the companies that will replace them, capiche?

lostand confused says

Oh here is Obama about carrier jobs-this is the leftist mentality-no wonder they are a coastal party of the elite.

That video explains why Marcus keeps saying that the Dems are realists. When are we going to hear how much the Indiana govt is going to be paying Carrier to employ 1000 people in low skill jobs?

A certified loser.

joeyjojojunior says

It was written by Bernie Sanders.

The amount of nonsense showing up on this thread is simply amazing.
Trump did something good by saving 1100 jobs, and instead of praising him for that, you weirdos give him criticism.
You just cant get over the fact your candidate lost, can you?

It's great that Rep/Con/Tea/Neo-Nazi trump voters & trolls are running
around helter skelter trying to defend their stupidity.

Giving them hell the next four years!
They may destroy america in less than four years.

It's great that Rep/Con/Tea/Neo-Nazi trump voters & trolls are running
around helter skelter trying to defend their stupidity.

Giving them hell the next four years!
They may destroy america in less than four years.

Mrs Wonderful says

A certified loser.

One of the many requirements to post on patnet. lol
Damn! What does that say about me?

In essence your butthole is still leaking elephant jizz a month after the carnal act.

JoeyJackoffJunior says

In essence, United Technologies took Trump hostage and won

Strategist says

Trump did something good by saving 1100 jobs, and instead of praising him for that, you weirdos give him criticism.

Liberals hate people with private sector jobs.

Is Trump President yet?

Ironman says

BTW, did you mail in YOUR check for the $116K that YOU owe yet?

Hey, it's $166K per taxpayer. How come he gets a discount?

never start a discussion with a WaPo link if u want it taken seriously

"never start a discussion with a WaPo link if u want it taken seriously"

In this case, it's an editorial written by Bernie Sanders. It has nothing to do with WaPo other than he published his editorial on their pages.

"Trickle down works. If it did not, garbage collectors in the US would be making the same as garbage collectors in Sudan"

This is so ridiculous, it's hard to believe anyone could have written it--well, other than sarcastically like AF.

Here is why garbage collectors have good wages in the US:

https://teamster.org/divisions/solid-waste-and-recycling

joeyjojojunior says

This is so ridiculous, it's hard to believe anyone could have written it--well, other than sarcastically like AF.

Here is why garbage collectors have good wages in the US:

https://teamster.org/divisions/solid-waste-and-recycling

It does not say why garbage collectors have good wages in the US. Why don't you tell me why Sudan does not have high wages for garbage collectors?

"Why don't you tell me why Sudan does not have high wages for garbage collectors?"

Huh? Do you really want an essay on all the problems with the Sudan?

joeyjojojunior says

"Why don't you tell me why Sudan does not have high wages for garbage collectors?"

Huh? Do you really want an essay on all the problems with the Sudan?

The country has no money. Therefore there is less to go around. Therefore garbage collectors make peanuts as compared to the US.
It's called trickle down.
See, you learnt something today.

"The country has no money. Therefore there is less to go around. Therefore garbage collectors make peanuts as compared to the US.
It's called trickle down. See, you learnt something today"

You don't even understand what trickle down is, much less the issues with the Sudan.

There are a shit ton of reasons that we have a better economy than the Sudan, and garbage collectors make more here than there. You might pick a country with a more similar history of democratic governance, like say any Western European country with higher taxes than the US and see if your argument still holds. When tax rates are too high, cutting them works well. When taxes are already too low, cutting them might goose the economy a bit, but the drawbacks are greater than the benefits.

YesYNot says

There are a shit ton of reasons that we have a better economy than the Sudan, and garbage collectors make more here than there.

And the shit ton of reasons are:
Democracy
Capitalism
Secularism

"Carrier didn't want to be the subject of the bully pulpit any longer and caved in for an outline of future reform for face saving purposes"

And the money, of course. You forgot about the millions of $$

joeyjojojunior says

And the money, of course. You forgot about the millions of $$

From Indiana, if Carrier leaves they get 0 in State Income Tax, 0 in local Property Taxes, 0 in all kinds of fees and other taxes.

BTW, many Dem states let Companies keep the employee portion of the state income tax. Not a typo.

But more and more of those tax dollars aren’t funding services; they aren’t even getting to the state capital. Sixteen states now allow corporations to withhold state income taxes from employees and keep the money as an incentive to locate to or remain in a state. That means that, in effect, employees pay personal income tax to their company rather than their state government. (The 16 states are: Colorado, Connecticut, Georgia, Illinois, Indiana, Kansas, Kentucky, Maine, Mississippi, Missouri, New Jersey, New Mexico, North Carolina, Ohio, South Carolina, and Utah.)

http://www.csmonitor.com/Commentary/Opinion/2012/0517/Your-employer-may-be-pocketing-your-state-income-tax

BOLD indicates Democratic Legislature control where they have the power of the purse. Note there are only 13 Dem Legislatures in the country right now.

More:

In Illinois, the EDGE program offers a special tax incentive that can divert up to 100 percent of withheld taxes into subsidies to encourage companies to locate or expand operations in Illinois when the companies are actively considering a competing location in another state.

New Jersey’s Business Employment Incentive Program (BEIP) is among the most costly of these programs, with new grants totaling more than $73 million. Ohio and Kentucky top the list of states for the number of companies they subsidize through employee personal income tax withholding.

Pots are really calling Kettles black.

Strategist says

And the shit ton of reasons are:

Democracy

Capitalism

Secularism

Those are 3 big ones. There are other things, like our immigration policies and education system, which provided a big boost after WWII. But a stable democracy with capitalism is not synonymous with trickle down economics. Secularism is linked more closely to communist regimes, although there is nothing innate about that.

But picking out some shithole and saying that our poor people are better off than their poor people is not a good argument for trickle down economics. Look at a country like Germany, and you will see why. It's not just Germany, there are plenty of other examples.

I thought Trump was different though?? He was the one that was going to stick it to the corporations that tried to move jobs.

So, you're saying he's no different than all the other politicians?

YesYNot says

immigration policies and education system, which provided a big boost after WWII.

You mean only the latter. The Foreign Born population in the US was the lowest in past 100 years between 1940-70, half or less of what it is today. Unsurprisingly, the time of greatest economic expansion for the bottom half of the population.

Ironman says

joeyjojojunior says

And the money, of course. You forgot about the millions of $$

Exactly.. the millions of payroll dollars those 1000 employees will be spending IN Indiana, not to mention the millions Carrier will inject into the state economy.

You're finally learning.

The $7 million tax break that Carrier gets is over 10 years. It's peanuts for a multi billion company.
The benefits of keeping 1000 jobs in Indiana are a lot lot more to Indiana over 10 years.
It's clearly a net benefit.

joeyjojojunior says

I thought Trump was different though?? He was the one that was going to stick it to the corporations that tried to move jobs.

You realize he isn't President yet, right?

Ironman says

Only the people who understand economics and math will get that. A few people on this thread are utterly clueless to those points.

ha ha. I feel sorry for them.

"You realize he isn't President yet, right?"

So, what leverage did he not have as President elect that he will have when inaugurated? You think he would have been able to negotiate a better deal at the end of January?

And, if that's the case, why didn't he wait until then to make the deal?

"Only the people who understand economics and math will get that. A few people on this thread are utterly clueless to those points."

Except for the precedent that it sets. Now every company can come to Trump saying they are going to move x number of jobs to Mexico unless he gives them $millions in tax breaks just like he gave United Technologies. That's why Bernie had an actual plan with penalties and leverage. Instead of just giving away taxpayer's money.

joeyjojojunior says

"You realize he isn't President yet, right?"

So, what leverage did he not have as President elect that he will have when inaugurated? You think he would have been able to negotiate a better deal at the end of January?

And, if that's the case, why didn't he wait until then to make the deal?

As President, Trump will make it harder for companies to leave. He can't do that right now.

"As President, Trump will make it harder for companies to leave. He can't do that right now."

Yeah, I got that memo. My question was how? What can he threaten them with on January 21st that he couldn't threaten them with today? I'm pretty sure that they all know that he will be President in a month so nobody questions it.

Thunderlips is Tovbot2 says

he Foreign Born population in the US was the lowest in past 100 years between 1940-70, half or less of what it is today. Unsurprisingly, the time of greatest economic expansion for the bottom half of the population.

http://news.stanford.edu/news/2014/august/german-jewish-inventors-081114.html

U.S. patents increased by 31 percent in fields common among Jewish scientists who fled Nazi Germany for America, according to Stanford economist Petra Moser. Their innovative influence rippled outward for generations, as the émigrés attracted new researchers who then trained other up-and-comers.

It's not quantity of immigrants that is important. It is being viewed as a relatively attractive place for a particular type of person. We have a lot of immigrants picking vegetables. That's never going to boost long term productivity. It's just a way to boost profits for farming corps. A top tier education system with well funded research, tolerance for minorities, and respect for science help cultivate what we want.

YesYNot says

A top tier education system with well funded research, tolerance for minorities, and respect for science

This sounds a bit too much like "political correctness."

marcus says

This sounds a bit too much like "political correctness."

Good. There's a reason some things are politically correct, and some things are not :).