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Trump to Announce Carrier Plant Will Keep Jobs in U.S.


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9 minutes ago, Cold War said:

Fuck, the guy is killing it in Ohio! :salute::wacko:

He is rubbing some noses in shit.

 

 

Yes sir!

2 minutes ago, xtralettucetomatoe580 said:

He sounds really good right now... Better than he ever did during the election. 

Indeed!

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4 hours ago, ICEMAN! said:

But the bleeding hasn't stopped.  Carrier is still taking 60% of the jobs to Mexico.  The trend is the same - a net loss to America.

We should double the tax on all business!  that will teach them to not pay their fair share!!! 

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5 hours ago, BOHICA said:

What happen to the tax moneys the govt takes from the 1000 employees that pay in from good paying jobs that would have otherwise left?

fed government isn't making squat on 40k a year jobs,  certainly less than 7k per person per year if thats the real cost of the subsidy.

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7 minutes ago, Angry ginger said:

fed government isn't making squat on 40k a year jobs,  certainly less than 7k per person per year if thats the real cost of the subsidy.

Depends on how you look at the whole picture. Near equal return for the Federal Govt as for dollar in dollar out. Given the average salary being saved is $40K.

Screen Shot 2016-12-01 at 8.29.27 PM.png

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11 minutes ago, Angry ginger said:

fed government isn't making squat on 40k a year jobs,  certainly less than 7k per person per year if thats the real cost of the subsidy.

These are less then $20 an hour jobs???

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8 minutes ago, Angry ginger said:

manufacturing jobs in that area,  most likely the average,  media said up to $25 even at 52k they are probably paying 5k a year after normal deductions in fed taxes.  

Anything over $40K the govt is making that subsidy back in Fed Income Taxes. That money after tax also stays there is the key... 

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Just now, Angry ginger said:

manufacturing jobs in that area,  most likely the average,  media said up to $25 even at 52k they are probably paying 5k a year after normal deductions in fed taxes.  

This is the best article I found.  The average wage for the jobs saved are almost $31 and hour for a 5 million dollar tax credit.  There is a 1 million dollar investment in workforce education and 1 million tax credit for education.

On a 1069 jobs with an average wage of $30.91 an hour and a $16 million dollar investment by Carrier in there indiana plant and it wont take to long to get 7 million back and then some.

 

United Technologies chief executive Gregory Hayes said at an event that the company will invest more than $16 million over two years to keep its Indianapolis plant in the state.

The Indiana Economic Development Corp. said it has offered Carrier $5 million in conditional tax credits based on a plan to retain 1,069 jobs with an average wage of $30.91 per hour, spokeswoman Abby Gras said.

She declined to say how many of those jobs are at the plant or at the company's headquarters, but the Wall Street Journal reported the deal would save about 800 of the 1,400 jobs at the plant and about 300 at the headquarters.

Indiana is also offering $1 million in training grants to support workforce development and $1 million in tax credits, Gras said. The agreement has not been finalized yet.

http://www.stltoday.com/business/local/carrier-gets-tax-breaks-but-it-s-still-sending-jobs/article_d2f958e5-1eaf-5401-93b1-c6b0990acab2.html

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i've got no issue with what trump and the state did,,  end of the day it's better to have these people working and paying taxes but these deals need to be the exception and not become the rule because if the states shelling out 3k per year per employee and only collecting $1200 they are in a deficit until year 6 or 7.  what the feds, fica,  prop taxes are aren't directly relevant to where the money is coming from to provide the subsidy.  if the economy was stronger and these jobs could be replaced at even 75-80% of the current wage the state would be better off letting them go.  

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Has anybody mentioned the most obvious benefit of this deal yet?  I didn't see it.  That's a 1000 people with spendable income in that area. What's that worth in sales taxes and revenues?  What's that worth with the mulitiplier effect?  Its About 3500 jobs total.  

Sometimes we miss the correlating benefits looking for the simpel math.

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4 minutes ago, Zambroski said:

Has anybody mentioned the most obvious benefit of this deal yet?  I didn't see it.  That's a 1000 people with spendable income in that area. What's that worth in sales taxes and revenues?  What's that worth with the mulitiplier effect?  Its About 3500 jobs total.  

Sometimes we miss the correlating benefits looking for the simpel math.

What are you talking about, they are gonna stuff that in their mattresses and never spend it.  Yah, they gotta live, buy groceries, etc.  Simple math.  :lol:

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1 minute ago, ArcticCrusher said:

What are you talking about, they are gonna stuff that in their mattresses and never spend it.  Yah, they gotta live, buy groceries, etc.  Simple math.  :lol:

Dems trying to find the "pure evil" in all this is rediculous.  That type of thinking is a solid trait of a life loser. 

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15 minutes ago, Angry ginger said:

i've got no issue with what trump and the state did,,  end of the day it's better to have these people working and paying taxes but these deals need to be the exception and not become the rule because if the states shelling out 3k per year per employee and only collecting $1200 they are in a deficit until year 6 or 7.  what the feds, fica,  prop taxes are aren't directly relevant to where the money is coming from to provide the subsidy.  if the economy was stronger and these jobs could be replaced at even 75-80% of the current wage the state would be better off letting them go.  

where are u getting subsidy from ? it is a tax break for a set amount of yrs  . is it better to get no tax at all then pay the welfare checks for who knows how long  ?

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The mental aspect of being able to take a few hundred you have been hording for the past year, and actually buy some Christmas gifts without guilt.

Put yourselves in that situation you bunch of self centered liberal hacks.

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16 minutes ago, Snake said:

The mental aspect of being able to take a few hundred you have been hording for the past year, and actually buy some Christmas gifts without guilt.

Put yourselves in that situation you bunch of self centered liberal hacks.

did you almost shed a tear there snakey? i dont recall you having the same compassion for any auto industry workers. we're all glad some employees get to keep working, we were the ones all about stimulus plans, loans, etc to create more jobs. what we aren't fans of is giving already filthy rich companies more breaks. now to be honest, based on the numbers that have been revealed, this may not be a bad deal. is there more to the story? is UT going to get some gov contracts in return? are there other incentives? will more companies pull this shit? who knows, but time will tell. but to see you clowns creaming your carhartts over a handful of jobs, saved by considerably different ways than promised, is pretty damn funny. but typical.

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1 minute ago, Snoslinger said:

did you almost shed a tear there snakey? i dont recall you having the same compassion for any auto industry workers. we're all glad some employees get to keep working, we were the ones all about stimulus plans, loans, etc to create more jobs. what we aren't fans of is giving already filthy rich companies more breaks. now to be honest, based on the numbers that have been revealed, this may not be a real bad deal. is there more to the story? is UT going to get some gov contracts in return? are there other incentives? who knows. but to see you clowns creaming your carhartts over a handful of jobs, saved by considerably different ways than promises, is pretty damn funny. but typical.

Trump shot Carrier in the knee as they were running for mexico.  He and his admin kept them here for next to nothing....  Wisconsin recount is going to cost at least half of Carrier incentive with nothing to show for it.

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