Posted on 12/01/2016 1:04:51 PM PST by SeekAndFind
He is going to bring the corp tax for everyone down to 15%..congress has to pass it though. Trump couldn’t get a deal based on tax cuts, subsidies and tariffs that Congress has to approve
This is about what Trump and Pence can do without congress. Indiana offers the tax break, Trump can take out the regs at the executive level and has leverage because of the govt contracts
You are still missing it. You keep assuming your opinions are facts. As I demonstrated, they are erroneous opinions not based in anything factual.
Until you grasp that your intellectual construct here is based on erroneous assumptions and an imprinted political dogma at odds with fact, you are not worth of any response but scorn.
At this point you are simply acting out of ego rather then admit your error which is simply a waste of everyone time.
A perfect question from a tax and spend liberal.
For the most part states can't run deficits. If they have a revenue shortfall for any reason, including granting special tax breaks, they can cut services or collect more taxes.
Simple.
More broadly, United Technologies realized they were rolling the dice with their government contracts, including from other divisions. The Carrier decision was made to satisfy fiduciary responsibilities to their stockholders.
The state will give up tax benefits (via abatements), but....will MORE than make up for them with the YUGE economic benefit of the folks who’ve jobs have been saved....that will be buying new homes, remodeling, Christmas shopping, sending their kids to community colleges, etc, etc.
"Simply put, being permitted to keep your income is not the same as taking it from competitors.
This is certainly true, provided that you cease using the services that others, who are contributing their income, are paying for.
If you're using the services paid for by the taxpayers (e.g. public roads, employees educated in public schools, the court systems, etc) but not paying taxes, you're being subsidized.
Of course the subsidy may be for the public good, but people who tie themselves in knots trying to avoid using the "s" word are acting silly.
.
;-)
The problem with this argument is that the state is already getting the benefit of those people being employed.
The state will now get $7M less in revenue but no new jobs. Unless the state cuts services that is a $7M tax increase on the citizens.
It may well be that this is better than the alternative of letting the jobs leave, but it certainly isn't without cost.
These folks had been told back in March that there jobs were moving to Meheeco.
I don’t think I’m ranting. Was Adam Smith ranting in his book WEALTH OF NATIONS? Was Milton Freidman ranting in his book FREE TO CHOOSE?
Do you speak with anyone without insulting them? Are all different ideas expressed in rants by rabid people?
No, it isn’t.
Yours is a good point. And if CARRIER gets special treatment, then why not its competitors?
The Republican Party today is the dominant party, largely thanks to Obama’s manifest failures. How is it that you call another freeper an idiot and claim he ruined the party?
Don’t complicate this discussion with facts!
I’m not sure what this guy’s problem is. Offering them tax incentives and less burdensome regulations to stay is exactly the right thing to do.
Forget manufacturing.
Agriculture has crashed! In 1910, 31% of the labor force were farming (in 1790, it was 90%). Today, it's less than 1.5%. What are we to do about America's moribund agriculture industry?
Seriously, do you want to be a clod hopper? Or would you rather have an interesting job and be a consumer?
I think some people have stumbled unwittingly onto coporatism and decided that it’s a good idea, especially if it’s executed by people they admire.
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