The deal announced today states that Carrier will keep 1,069 jobs in the US in exchange for $7 million , over 10 years, in tax breaks from Indiana. These jobs on average make about $30 an hour. Full time workers on average work 2,087 hours a year so that means 1,069 (2087)($30) gives you approximately $67 million dollars in income a year. The state tax rate in Indiana is 3.3% so $67 million (0.033) gives you about $2.2 million dollars in state income a year while the state is only giving Carrier a $700,000 tax break a year. Indiana is getting a 300% return, per year, on their investment. This doesn't take into account the extra flow of money into the economy and Carrier's plan to invest $16 million into the plant itself. Liberals who are complaining about this deal need to learn basic math.
Spez: Sources: http://www.bankrate.com/finance/taxes/state-taxes-indiana.aspx
https://www.google.com/amp/amp.usatoday.com/story/94781008/?client=safari
Trump literally saved Christmas for thousands of kids whose parents can afford presents now... St.Trump!
https://investmentwatchblog.com/a-mathematical-breakdown-of-why-the-deal-trump-made-with-carrier-is-pure-genius/
It’s apparent that the pointy-headed elitists scum at national review can’t even do basic math.
No, no and no—special deals that give particular companies favored by pols in power are not good deals for taxpayers—ever. They are unfair and they distort the free market, which is the better judge of which companies succeed.
But, the analysis you posted is an example of a good return on investment. Contrast that with the "green jobs" that literally poured money into the pockets of Democrat donors, in exchange for a handful of jobs -- at $1M+ per job.
And in this case, Trump and Pence were limited in what they could do in a short time, before they even take office.
Someone else posted that Carrier had already been offered this incentive, and they declined. What changed? I would say the prospect of a resurgence of the US economy.
We had a Carrier A/C at our previous house. I plan to replace our units at this house with a Carrier when they die.