Another hatchet job by the Washington Compost. Trump didn’t give the tax right offs Indiana did & they were on the table from Pence before Trump got involved.
“The Indiana governor was offering $7 million over 10 years to encourage the company to keep in the state roughly one-third of the 2,100 jobs it planned to ship to Mexico. United Technologies would also get credit from the state for keeping 300 research and headquarters jobs that it didn’t plan to shift abroad.” http://www.wsj.com/articles/indiana-gives-7-million-in-tax-breaks-to-keep-carrier-jobs-1480608461
#1 it’s not an article in the Washington Compost
#2 the Indiana governor was doing exactly what the author says such “deals” do.
“When you pick a winner, you automatically pick a thousand losers: smaller companies who lack Carrier’s clout, less-connected companies not close to Pence and so on. The economy loses because corporate welfare means politicians rather than markets are deciding the allocation of money and resources. It’s the opposite of free market economics.”
Small businesses never win when politicians offer incentives to individual companies, rather than establish a favorable business climate for ALL businesses and let the businesses rise and fall on their own merits. That is, lower taxes, decrease regulations, get rid of Obamacare and other mandates that choke all businesses.
Maybe this was a smart short-term political move, but I share the author’s opinion that it’s not good long-term policy. It’s the kind of thing democrats and RINOs like to do.