Job deals like Carrier’s often fall short of political hype

US President-elect Donald Trump today warned US companies of “consequences” if they relocate overseas and promised to slash tax from 35 per cent to 15 per cent to make America attractive for businesses.

President-elect Trump visited a Carrier Corporation factory on Thursday, officially sealing a deal that will keep 1,000 manufacturing jobs from leaving in for Mexico.

During the campaign, he had often pointed to the IN plant’s moving plans and a major result of poor Obama administration policies, and he pledged to revive USA manufacturing.

“Companies are not going to leave the United States anymore without consequences”, Trump declared Thursday. That included 1,100 jobs from Carrier’s Indianapolis plant, which makes gas furnaces, and 700 jobs from United Technologies’ plant in Huntington, Indiana.

Apparently Donald Trump called Carrier CEO Greg Hayes to ask him to reconsider moving the IN plant to Mexico, as Fortune reported.

But Carrier’s decision was based at least in part on an offer of $7 million in tax incentives by the state of in, whose governor is Vice President-elect Mike Pence. “I think that’s absolutely chilling”, economic policy analyst Jimmy Pethokoukis told CNBC on Thursday.

Noticeably absent from the council are heads of leading USA technology companies such as Google’s parent Alphabet, Apple and Facebook. “And it’s only for this one factory at this point in time, and I think of that as a spot solution, a one off solution”.

In 2011, Obama convened a jobs council that was led by General Electric Co.

Ideally, more senior workers at the plant would take the package and retire and save the jobs of younger workers. Although they will keep their plants, Carrier will still be moving 1,300 jobs to Mexico.

Trump misidentified the product workers were making at the IN plant he toured, mistaking machines that make hot air for those that keep people cool.

The Indiana deal seems like a “one-off”, he said, adding, “You may have more than that one one-off event from the president at the federal level”. I was used as a Vessel to get us where we are here today.

The “push” offshore has come from excessive regulations, the highest corporate tax rate in the world, and energy and electricity costs that are needlessly burdensome. How’s that for punishing corporations that shut down in the United States and move overseas?

President-elect Donald Trump’s move to pack his administration with military brass is getting mixed reviews, as Congress and experts struggle to balance their personal regard for the individuals with a broader worry about an increased militarization of American policy. They’ll also receive up to four years of tuition assistance to go back to school and train for another job.

Carrier said the agreement with Trump is due in part to the incoming administration’s EFFORTS as well as state tax incentives, which Trump’s transition team has refused to disclose the full details of. For a consumer-products company like Carrier, Trumpian tirades could turn the American public against it, and that could do major damage to its reputation, sales, and bottom line.