Trump’s Latest Tweet Threat: Taxes For Companies That Leave US

He followed up with Carrier and made a deal that saved hundreds of jobs.

“Today’s announcement is possible because the incoming Trump-Pence administration has emphasized to us its commitment to support the business community and create an improved, more competitive USA business climate”, it said in a statement.

The deal is a clear political victory for Trump, who can claim to have accomplished a major campaign promise more than a month before he even enters office.

In the end, Trump says the company promised to keep more than 1,100 people in Indianapolis.

It just remains to be seen if or how Trump can make it happen.

“The only reason Carrier is staying in the United States is because Donald Trump was elected president”.

“(Trump) is sending a message to (U.S.) workers, to unions that they don’t need to change, that everything is fine, that Mexico is the problem. Despite Summers’ position on the matter, it’s nonetheless debatable whether Trump’s intervention is a good or bad thing.

So Trump says he called Greg Hayes, the CEO of Carrier’s parent company, United Technologies. He repeatedly railed against the company for its plans to move production to Mexico.

“We’re going to create trade policies that take away the advantages that these multinational corporations have had in moving jobs overseas now for decades”, he said.

In response, Pence spokesperson Matthew Lloyd said, “More than 1,000 jobs for hard working Hoosiers were going to leave IN for Mexico”. “Mr. President-elect, sir, how are you?”

In an early-morning series of six Twitter posts, Trump summarised a plan that was promise during his election campaign: that shifting production from the USA to Mexico, China or other lower-cost countries would be discouraged by tax policy.

Mr Trump claimed credit for the Carrier deal, which will see IN state officials give United Technologies $US7 million worth of tax breaks to encourage the company to keep the 1100 jobs at its Indianapolis plant. But in a series of six Twitter posts Sunday morning, Trump made clear he intends to move forward with the plan even as he picks free-market-loving Wall Street insiders for key posts in his administration who nearly surely think this is a awful idea. “When they played that, I said, I did make it, but I didn’t mean it quite that way”. It’s unclear if Trump will impose taxes on Carrier for doing so. He also notes that there’s no deal so far for 700 workers slated for layoffs at Carrier’s Huntington factory. 800 jobs that were in danger of being lost are now safe, but there are also now 1,300 jobs moving to Mexico. IN has some creative incentives like its Economic Development for a Growing Economy (EDGE) credit, which lets companies keep a share of the income taxes withheld from their employees.

If Donald Trump won’t stand up for America’s working class, we must. There will be consequences.