Saturday, December 3, 2016

An expert breaks down Trump’s Carrier deal: ‘Ineffective’ and ‘very costly’

After trumpeting a deal that his administration struck with the air conditioning and heating furnace manufacturer Carrier to avert the loss of some American jobs, President-elect Donald Trump on Thursday announced specifics of what he offered the company.

At an event in Indiana, Trump said he pledged to more than cut the corporate tax rate in half for all companies, lowering it from 35 percent to 15. While he falsely claimed the United States is the highest taxed country in the world, he said this would make us one of the lowest taxed.

He also pledged to take on business regulations, which he said was a greater priority for the CEO of United Technologies, Greg Hayes, the parent company of Carrier, in their negotiations....
https://thinkprogress.org/carrier-trump-deal-details-1ade1a8cb663#.trn6eltf5


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