Carrier Deal Crony Capitalism Not — Some — including some conservatives —are calling Donald Trump’s Carrier deal that kept about a thousand jobs from moving from Indiana to Mexico “crony capitalism.”
The deal gives Carrier about $6 million in tax credits over 10 years along with a $1 million training grant.
Since when do tax cuts upset conservatives? You say it is unfair to other businesses? We suspect any business willing to spend $16 million-plus to save a facility can drive a similar bargain.
What Trump did to save Carrier is not the cronyism that has poisoned our economy. The Carrier deal is not the same as spending $400 million in tax money to save an obsolete shipyard. It is not giving $188 million in tax money so Jeff Lurie can preen on TV. It isn’t this garbage passed by the Pennsylvania Legislature back in 2012 that bestowed millions in public subsidies on chosen favorites.
High taxes, health care costs and regulation are why businesses flee the U.S. Any tax cut is a good thing. We fully expect that what Carrier and its employees got is what all U.S. businesses and their employees are going to get when The Donald is inaugurated.