Trump Team Calls Deal with Carrier a 'Big Win' for Incoming Administration

Trump Team Calls Deal with Carrier a 'Big Win' for Incoming Administration

Sanders key point: If corporations want cushy tax cuts, all you have to do is threaten Trump and say "we're moving to Mexico". The fear is that they will take the money, and run.

President-elect Donald Trump has struck an agreement to save more than 1,000 factory jobs at a Carrier plant in Indianapolis that were destined for Mexico.

It was well-timed victory for Trump, who also rolled out his economic team, tapping Steven Mnuchin for treasury secretary and billionaire Wilbur Ross to head the Department of Commerce. Not with Carrier. I made it for everybody else.

"I actually said I didn't make it". Trump said he was supposed to unveil that Monday, so he jokingly warned the Cincinnati crowd to "not tell anyone".

"And then they played my statement. I was talking about Carrier like all other companies from here on in, because they made the decision a year and a half ago".

"Since the 1950s, Carrier has been a part of Indiana's success story, and thanks to our president-elect, Carrier has made a decision to stay and grow right here in Indiana".

On Thursday, Trump followed through on his visit with an announcement that slightly more than 1,000 jobs would stay in Indianapolis.

Mr Sanders proposed that companies pay an outsourcing tax equal to the amount of money it would save by moving factories to Mexico or other low-wage countries, and should not receive federal contracts or "corporate welfare" from the U.S. government.

A auto honked in support of demonstrators holding signs reading, "What about our jobs in Huntington?"

The deal would cover 800 workers from the Indianapolis furnace plant and an additional 300 research and headquarters positions that weren't planned to go to Mexico, according to the Journal.

Carrier parent United Technologies is a major defense contractor, with $5.6 billion in revenue from federal government contracts, or 10% of its total revenue.

"United Technologies is a big worldwide company with many different divisions and subsidiaries, many of which do substantial amounts of business with the US government", Mutz told Indianapolis Business Journal.

"And they had a gentlemen, worker, great guy, handsome guy, he was on, and it was like he didn't even know they were leaving".

Independent Vermont Sen. Bernie Sanders said that "in essence, United Technologies took Trump hostage and won" by getting the tax breaks, noting the company's profits previous year were $7.6 billion.

"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", the company said in a statement released Wednesday.

It's not a new strategy: State and local governments offer companies tax incentives to locate, expand or remain there all the time.

Before the event, Trump toured the facility alongside Vice President-elect Mike Pence.

On Tuesday, Trump and Carrier announced that they had reached an agreement to keep over 1,000 jobs in IN that had been slated to be moved to Mexico. Those meetings will resume on Friday in NY, where Mr. Trump is scheduled to visit with Sen. Bernie Sanders, who rose to prominence on the same populist wave that delivered Trump a November win.

President-elect Donald Trump has claimed credit for keeping well-paid manufacturing jobs in the country, but the deal is less than a complete victory for the Republican who campaigned on "putting America first". How's that for standing up to corporate greed?

Most of the plant closings are not tied to work being shifted outside the United States.

In essence, United Technologies took Trump hostage and won. At least 4,060 jobs are disappearing because employers are shifting work to Mexico or other countries, the filings showed.