Trump threatens payback for US companies that move abroad

Vice President-elect Mike Pence, who remains governor of IN until next month, defended Trump’s effort on Carrier on NBC’s “Meet the Press”.

Trump and Vice President-elect Mike Pence traveled to the Carrier plant in Indianapolis Thursday to tout the company agreeing to keep 1,100 jobs in the city instead of shipping hundreds to Mexico. Instead, it offered instead a mix of tax breaks and other “financial incentives” for Carrier’s parent company, United Technologies, amounting to $7 million over 10 years.

Of course, that money isn’t coming from Trump or from the federal government. Until he saw the man on television.

Palin endorsed Trump in a speech earlier this year where she described him as “master of the art of the deal”, but ripped into the real estate tycoon’s decision on Friday.

COOK: Thank you so much for having me. Just a short few months ago, Trump was pledging to force United Technologies to “pay a damn tax”.

An aide to Palin said the former governor said “I feel as though the megaphone I have been provided can be used in a productive and positive way to help those desperately in need”.

A deal was reached this week to keep 800 jobs at the IN plant. How does the government make a decision about when to intervene in such issues?

He said companies can move within the USA with no penalty, but said woe to those who move outside.

In the short term, this is wonderful news for the Carrier workers and their families who depend on those jobs for their livelihoods. “But we’re also going to improve the economic environment here in the United States”. Trump has criticized the use of such incentives in the past. “If the extra costs of staying in Indianapolis erode that business, those workers will lose their jobs eventually in any case”. McCain and Palin lost to Barack Obama and Joe Biden.

At least 300 US companies, including Ford and Carrier, 100 Japanese companies and 30 Chinese companies are in the process of finalizing foreign direct investment (FDI) projects in Mexico, according to Francisco González, CEO of the government-run trust fund ProMéxico.

Mr Trump, who defeated Hillary Clinton in the poll, is due to be sworn in on 20 January. That means an estimated 400 to 500 workers at the plant, as well as 700 employees at another plant owned by a related company in Huntington, Ind., will still lose their jobs.

SIMON: Well, how was the deal with Carrier that was announced this week different than what kind of incentives they were receiving from the state of IN to begin with?