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

[Vastator]

I heard Pence is the one who worked the deal and had been working with Carrier for over a year?

Isn't great to have an administration that puts America first for a change.....

Please, spare me from the goo goo gaga s of Trump admiration....

Spare yourself... exit the thread.

 

[Care4all]

I heard Pence is the one who worked the deal and had been working with Carrier for over a year?

Isn't great to have an administration that puts America first for a change.....

Please, spare me from the goo goo gaga s of Trump admiration....

Actually, I was taking a shit on your Obama administration....

It wasn't MINE, I wanted Hillary in 2008 to win, not Obama... though he did become my President, as Mr. Trump will become my President, (unless a miracle from God is granted, and he spares us from the antichrist at this time)

 

[owebo]

I heard Pence is the one who worked the deal and had been working with Carrier for over a year?

Isn't great to have an administration that puts America first for a change.....

Please, spare me from the goo goo gaga s of Trump admiration....

Actually, I was taking a shit on your Obama administration....

It wasn't MINE, I wanted Hillary in 2008 to win, not Obama... though he did become my President, as Mr. Trump will become my President, (unless a miracle from God is granted, and he spares us from the antichrist at this time)

So you didn't vote for Obama?

 

[The Breeze]

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

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

What did Carrier get to make that decision?

Trump's magic?

Bet is was less that the screwing we got from GM.

Whoa! You sound like a guy who knows stuff! I'd better read your posts.

I'm sorry snowflake, have I triggered you?

You've said and done nothing. Maybe you want to outline the screwing that GM gave us?

And...that snowflake thing......it gives you away.

I guess now you need a safe space and a safety pin?

 

[The Breeze]

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

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

What did Carrier get to make that decision?

Trump's magic?

Bet is was less that the screwing we got from GM.

Whoa! You sound like a guy who knows stuff! I'd better read your posts.

I'm sorry snowflake, have I triggered you?

You've said and done nothing. Maybe you want to outline the screwing that GM gave us?

And...that snowflake thing......it gives you away.

Net loss of 11 billion, what a deal.

Taxpayers Don't Have Government Motors To Kick Around Any More

 

[Care4all]

I heard Pence is the one who worked the deal and had been working with Carrier for over a year?

Isn't great to have an administration that puts America first for a change.....

I think its great to have an administration that just realizes there are Americans to put first. this being used as the worlds ATM is getting old. And when you consider that in order for us to GIVE money away to some third world country, we first have to BORROW that money with interest.
The stupidity that has been coming out of washington for so many years, and from both parties is about to change. Its why neither party wanted Trump as president either, he is about to not only rain on their protected parade, he is about to send a typhoon after them.
Play time is over.
what he needs to do is to bring corporate tax down to less than 10%, maybe down to zero for companies that have less than 25 employees. That would bring companies from all over the world here to save money, the higher wages here would still not eat into the tax savings they get for being here, and a bonus for the liberals is that we could then afford to absorb all the filthy taco eaters you want because we will have real jobs for them.

Thank you for explaining some of this...

but Carrier's parent company, only paid something like 9.5% in corporate income taxes last year, not the 35% marginal corporate tax rate....

so 9.5% was STILL NOT LOW ENOUGH for Carrier to bring it's hundreds of billions that they have stashed in the Cayman Islands, home....

so is zero in taxes, for all the military protection, and roads and highways and airports and postal services and hospitals and schools that train their employees now and for years come..really FAIR?

corporations used to account for nearly ALL federal revenues collected at one time, and now it ALL comes on the worker's shoulders? Really? iS THAT truly just/fair? I dunno?

 

[LoneLaugher]

What did Carrier get to make that decision?

Trump's magic?

Bet is was less that the screwing we got from GM.

Whoa! You sound like a guy who knows stuff! I'd better read your posts.

I'm sorry snowflake, have I triggered you?

You've said and done nothing. Maybe you want to outline the screwing that GM gave us?

And...that snowflake thing......it gives you away.

Net loss of 11 billion, what a deal.

Taxpayers Don't Have Government Motors To Kick Around Any More

From your link:

"A study released Monday by the Center for Automotive Research concluded that the government bailout of GM spared 1.2 million jobs in 2009 and preserved $39.4 billion in personal and social insurance tax collections in 2009 and 2010. “Any complete cost-benefit assessment of the federal assistance to GM in its restructuring must consider the total net returns to the public investment…” researchers Sean McAlinden and Debra Maranger Menk wrote in “The Effect on the U.S. Economy of the Successful Restructuring of General Motors.”"

You failed again. What a shock.

 

[Care4all]

I heard Pence is the one who worked the deal and had been working with Carrier for over a year?

Isn't great to have an administration that puts America first for a change.....

Please, spare me from the goo goo gaga s of Trump admiration....

Actually, I was taking a shit on your Obama administration....

It wasn't MINE, I wanted Hillary in 2008 to win, not Obama... though he did become my President, as Mr. Trump will become my President, (unless a miracle from God is granted, and he spares us from the antichrist at this time)

So you didn't vote for Obama?

no, I was immature and angry about what the DNC did to Hillary, with Obama....a woman scorned! Kind of like the Bernie supporters who could not vote for Hillary, I was like that with Obama....just couldn't do it...it took about 5 years for me to HEAL!

 

[iamwhatiseem]

I heard Pence is the one who worked the deal and had been working with Carrier for over a year?

...annnd...??

 

[Iceweasel]

but Carrier's parent company, only paid something like 9.5% in corporate income taxes last year, not the 35% marginal corporate tax rate....

so 9.5% was STILL NOT LOW ENOUGH for Carrier to bring it's hundreds of billions that they have stashed in the Cayman Islands, home....

so is zero in taxes, for all the military protection, and roads and highways and airports and postal services and hospitals and schools that train their employees now and for years come..really FAIR?

corporations used to account nearly ALL federal revenues collected at one time, and now it ALL comes on the worker's shoulders? Really? iS THAT truly just/fair? I dunno?

I don't think a president can change tax law, correct? All the employees make money, spread the wealth around and pay taxes so incentives are often offered by governments for that reason.

Having a huge tax base beats the company moving elsewhere. There are also many other taxes associated with running a business than just the federal income, like state, local, etc.

 

[Mac1958]

Good news.

I just hope that whatever deal was struck can be easily replicated for all, you can't give just one company special treatment.

In related news, there is some pretty strong concern overseas about Trump's plan to cut corporate tax rates to 15% (which I have long advocated). Foreign governments may need to react to keep companies and money there.

Good.
.

 

[Maryland Patriot]

I heard Pence is the one who worked the deal and had been working with Carrier for over a year?

Isn't great to have an administration that puts America first for a change.....

I think its great to have an administration that just realizes there are Americans to put first. this being used as the worlds ATM is getting old. And when you consider that in order for us to GIVE money away to some third world country, we first have to BORROW that money with interest.
The stupidity that has been coming out of washington for so many years, and from both parties is about to change. Its why neither party wanted Trump as president either, he is about to not only rain on their protected parade, he is about to send a typhoon after them.
Play time is over.
what he needs to do is to bring corporate tax down to less than 10%, maybe down to zero for companies that have less than 25 employees. That would bring companies from all over the world here to save money, the higher wages here would still not eat into the tax savings they get for being here, and a bonus for the liberals is that we could then afford to absorb all the filthy taco eaters you want because we will have real jobs for them.

Thank you for explaining some of this...

but Carrier's parent company, only paid something like 9.5% in corporate income taxes last year, not the 35% marginal corporate tax rate....

so 9.5% was STILL NOT LOW ENOUGH for Carrier to bring it's hundreds of billions that they have stashed in the Cayman Islands, home....

so is zero in taxes, for all the military protection, and roads and highways and airports and postal services and hospitals and schools that train their employees now and for years come..really FAIR?

corporations used to account nearly ALL federal revenues collected at one time, and now it ALL comes on the worker's shoulders? Really? iS THAT truly just/fair? I dunno?

look, if the company is not operating in the U.S we get nothing. What we have are 1400 people that are unemployed and being given government assistance. We get no tax revenue at all from the company and those 1400 are not contributing, they are actually costing instead.
So we bring back Carrier we dont charge a corporate tax at all, zero. the government makes nothing directly from carrier. However those 1400 people are now working, they are paying tax instead of collecting costly assistance from the government, Take the cost of the assistance away and then add the taxes they will be paying and that is a fairly decent number.
It would actually be an increase in revenue by doing this. Or maybe we start with a 10% tax rate for corporations, but it can be reduced even further if the company only purchases its business needs from other U.S companies. The left is so tied up worrying about a corporation paying their fair share, they would rather see thousands unemployed before any tax break is considered.

 

[Skull Pilot]

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

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

What did Carrier get to make that decision?

Trump's magic?

Who cares?

Or would you rather have all those jobs leave the country?

 

[MisterBeale]

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

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

What did Carrier get to make that decision?

Trump's magic?

To me, it didn't sound like they got much, much more than a promise.

It sounds like they got a promise that if they moved operations, their military contracts might dry up. Trump has repeatedly said he wants to dry up the cronyism.

Carrier / UTC = THEIR PARENT COMPANY has only averaged paying 10% in corporate income taxes NOT the 35% marginal corporate tax rate, for the past 15 years with their annual average income of $2.8 Billion....or so.

Carrier/UTC WANTS MORE tax breaks, as in zero taxes for their repatriated profits from overseas... btw, how does this help the USA and help workers get jobs... by companies bringing their money back to the USA to sit in a US bank vs a foreign bank...I don't understand all of that stuff...? Is it the banks that make money off of them bringing their profits made overseas home to the US? It ain't for tax monies, cuz giving them a break of zero percent in taxes is simply zero for the federal govt coffers?

TrumpPence can't make a deal that is not up to them to make, ya know? they have to get their tax breaks through congress and it would not be for Carrier only, but for all corporations...




Trump has pledged repeatedly to keep UTC and Carrier from offshoring jobs, and it now appears that UTC may want a lower tax rate as the price for complying with this demand. Saving middle-class jobs is an important and laudable goal. But policymakers should approach such consequential discussions with all the facts. And the fact is that Carrier’s parent company already pays a relatively low effective tax rate.

As we previously noted, UTC does not have a lot of skin in the game when it comes to federal income taxes. The company paid an effective federal tax rate averaging just 10.3 percent over the 15-year period between 2000 and 2014. And UTC’s most recent annual report shows more of the same: the company paid a federal tax rate of just 9.4 percent on $2.8 billion in U.S. profits last year. This means year after year, the profitable company pays only a fraction of the federal statutory rate of 35 percent.

The company’s push for a corporate tax cut likely has a lot to do with its offshore cash. As of 2015, UTC had a cumulative $29 billion in profits stashed offshore that it claimed it earned abroad and has no intention of repatriating to the United States. The profits, if repatriated, would be subject to the federal corporate tax rate less any taxes it paid to foreign governments.

It’s impossible to know how much of this offshore cash is in the hands of the company’s zero-tax haven subsidiaries in the Cayman Islands or the British Virgin Islands because UTC refuses to disclose this information. (The limited disclosures that have been made by other corporations with offshore cash show these companies are paying single digit tax rates on their foreign profits.) But it seems plausible that when the company warns of “adverse tax consequences” of repatriating from “certain of our subsidiaries,” it has its Caribbean affiliates in mind.

The United States is one of the world’s most advanced democracies, which our federal tax system enables. Infrastructure, public education, health and safety, clean water, safe food, and national defense all require tax dollars—from citizens and corporations. The Unites States simply cannot compete with a zero-percent tax rate, nor should it try.

A company like Carrier, which may be accustomed to stashing money in the Cayman Islands and paying a zero-percent tax rate, certainly would consider the U.S. federal statutory rate “adverse.” But given UTC’s consistent ability to avoid that tax rate over the past 15 years, it’s hard to see why Congress or the incoming Trump administration should prioritize finding a way to cut the company’s taxes even further.

A Few Things to Consider Before Giving Away the Store to Carrier Corp | Tax Justice Blog

Thanks for that.

If he reforms that tax code, and decides to zero in on corps. that are taking advantage of the tax code and punish those that are draining the system dry, while enjoying the benefits of being domiciled here, I'm not sure that this isn't going to be taken into consideration.

Only time will tell.


The government has the ability to reward it's friends, and punish it's enemies by withholding government contracts. What would United Technologies stock be worth with out government contracts?

The previous globalist politicians really didn't give a shit about America. The idea of a national government, or the little people of this particular land, or that particular land didn't figure into their calculations, the only interests they cared about was those of their stake holders, the oligarchs.

 

[LoneLaugher]

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

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

What did Carrier get to make that decision?

Trump's magic?

Who cares?

Or would you rather have all those jobs leave the country?

You don't care about the details?

 

[Skull Pilot]

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

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

What did Carrier get to make that decision?

Trump's magic?

Who cares?

Or would you rather have all those jobs leave the country?

You don't care about the details?

Nope just like when you didn't care about the details when Obammy gave money to Solyndra at least Carrier is a proven company with a long history and not some shady start up

 

[RealDave]

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

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

At what price?

 

[LoneLaugher]

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

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

What did Carrier get to make that decision?

Trump's magic?

Who cares?

Or would you rather have all those jobs leave the country?

You don't care about the details?

Nope

I'm shocked. Shocked I tell ya!

 

[Skull Pilot]

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

http://www.nytimes.com/2016/11/29/b...-carrier-plant-will-keep-jobs-in-us.html?_r=0

Abra Cadabra! Trump's magic is here! The Donald has convinced Carrier Heating and Air Conditioning to stay in the US!

Just think of the jobs that will be returning/staying once he is president. I would guess even Obama himself is impressed!

What did Carrier get to make that decision?

Trump's magic?

Who cares?

Or would you rather have all those jobs leave the country?

You don't care about the details?

Nope

I'm shocked. Shocked I tell ya!

just like when you didn't care about the details when Obammy gave money to Solyndra at least Carrier is a proven company with a long history and not some shady start up

 

[MisterBeale]

Good news.

I just hope that whatever deal was struck can be easily replicated for all, you can't give just one company special treatment.

In related news, there is some pretty strong concern overseas about Trump's plan to cut corporate tax rates to 15% (which I have long advocated). Foreign governments may need to react to keep companies and money there.

Good.
.

It's not so much "special treatment" as it is, withholding their special treatment when they don't give a shit about the place they have been domiciled.

And yes, you can focus in on their special treatment.

Look at the connections between the Obama administration and how the folks that set up the website for the ACA, or the multiple stories of how these green companies got subsidies for the development of green technologies.

The government has been in the business of picking winners and losers so long, the economy is is shambles. Shit needs to end.