Domenica, 04 Dicembre, 2016

Carrier getting $7M in tax breaks from in to keep jobs

Carrier getting $7M in tax breaks from in to keep jobs Carrier getting $7M in tax breaks from in to keep jobs
Rufina Vignone | 02 Dicembre, 2016, 12:11

The stop, in the state Vice President-elect Pence still serves as governor, came amid a "thank you" tour of the Midwestern states that helped propel their ticket to victory. Trump transition officials declined to offer any detail Thursday, saying such questions would be addressed by Trump this afternoon.

His speaking style, while calmer than on the campaign trail, was similar to the seemingly stream-of-conscious efforts of the past year.

Workers at the Indianapolis Rexnord plant are also anxious about 300 jobs there.

We are announcing today that Carrier will continue to manufacture gas furnaces in Indianapolis, in addition to retaining engineering and headquarters staff, preserving more than 1,000 jobs.

He spent several minutes excoriating the "extremely dishonest" news media, and mocking TV reporters who said Trump didn't have a chance because of the blue wall of Midwestern industrial states that Clinton was expected to win. And he vowed to make more such calls to executives at companies threatening to leave the US, "because they're not going to leave the country". In other recent remarks, he has suggested that he might actually go for a fence along some portions of the border. People who live in the Rust Belt and want good-paying jobs.

A Carrier spokesman said earlier Thursday that the company received $7 million in tax incentives from in to keep the factory running. Critics say this is a bad deal that does little for the manufacturing industry and sets a risky precedent for companies threatening to leave the United States. "It's not going to happen". "Trump made a promise that he would save all of these jobs, and we can not rest until an ironclad contract is signed to ensure that all of these workers are able to continue working in IN".

November 25: United Steelworkers Local 1999 president Chuck Jones, who represents workers at the Indianapolis factory, says he isn't optimistic of success in changing Carrier's decision and that union leaders had last met with the company three months earlier. Think if I lost he would have returned my call?

"I know the president-elect has indicated that he deserves credit for that announcement, and I guess what I would observe is that if he is successful in doing that 804 more times, then he will meet the record of manufacturing jobs that were created in the United States while President Obama was in office", Earnest said.

President-elect Donald Trump is touring the IN factory where he says he saved hundreds of jobs from moving to Mexico.

But many economists point out that even with lower rates in the US, American companies will still be able to find lower taxes and cheaper workers overseas.

Trump carried OH by nine points and Iowa by 10 points, after Barack Obama carried both four years ago.

Trump "did just what he said he would do", Pence said, recounting his push to convince Carrier to remain in Indiana.

Trump and Pence celebrated the 1,000 jobs deal at an event in Indianapolis on Thursday, but employers elsewhere in IN are laying off five times as many workers because of foreign competition. While Trump received some cheers during his appearance, the response was not overwhelming, perhaps a reflection of that uncertainty.

February 13: Trump criticizes Carrier's decision on Twitter, saying it wouldn't happen on his watch.

That total matches other reporting that IN has provided $700,000 a year IN tax abatements to Carrier to reverse a decision to outsource jobs to Mexico, a political victory for the incoming Trump administration as Trump completed an early campaign promise. Trump, who has long spoken of feeding off the energy of his raucous crowds, first floated the idea of a victory tour just days after winning the election, only to instead prioritize filling some of his Cabinet positions. He also pledged to reduce regulations, most of which he said were "nonsense", although he conceded some were necessary to protect worker safety and health.

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