2 ms·
>>namely that the same amount of government money could have just paid the workers' salaries directly Your math is off. The company agreed to keep 700 jobs in
by enraged_camel 10y ago
>>namely that the same amount of government money could have just paid the workers' salaries directly
Your math is off. The company agreed to keep 700 jobs in the US, and will in return get $7 million in tax breaks over 10 years. That's only $700,000 per year.
- Eridrus 10y agoEspecially when you speed it out across 500 jobs it's only $1400, which is nothing compared to what welfare would cost and the loss in tax revenue. So it's not a bad deal if you look at it in isolation, but there are reasonable concerns on whether this is scalable and whether we want to introduce protectionist policies with the expectation that the rest of the world may retaliate. Because if that's not the plan, then the Carrier deal is just showmanship with little substantive impact.