Carrier incentives stir debate over 'rewarding' offshoring
|December 1, 2016||View for printing|
The $7 million incentive package Carrier Corp. will receive as part of a deal the company reached with President-elect Donald Trump and Vice President-elect Mike Pence represents a departure from how tax credits are typically used in Indiana.
It's also the kind of agreement Trump slammed on the campaign trail.
But the deal differs from most other economic development agreements in Indiana, where incentives are usually aimed at luring jobs, not merely retaining them. In fact, about 400 workers at Carrier will still lose their jobs under the deal, as will 700 employees at a related company in Huntington.
USA Today Network Tony Cook, The Indianapolis Star
Trump’s Carrier deal is right out of Putin’s playbook
It’s good that about 1,000 Carrier Corp. workers will not be losing their jobs. But there is a whiff of Putinism in the combination of bribery and menace that may have affected Carrier’s decision — the bribery of tax breaks, the menace of potential lost defense contracts for Carrier’s parent company, United Technologies.
If this were to become the U.S. government’s standard method of operation, the results would be Russian, too: dwindling investment, slowing economic growth, fewer jobs.
By Fred Hiatt
https://www.washingtonpost.com/opinio ... 04645cd64a7
No reader comments so far. Be the first to comment by clicking the button below.
Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.